Payroll / eTorQueTaxSubsistence Allowanced and Advances1st May 2015Local travel The deemed daily amount for travel in the Republic (e.g. subsistence allowance) is: R109 per day for meals…
TaxTravel Reimbursements1st May 2015The alternative rate per kilometre has been reduced from R3.30 per km to R3.18 per km. This rate is applicable…
Payroll / eTorQueTaxUnemployment Insurance Fund Contributions1st May 2015The following statement was made in the Budget Speech by the Minister of Finance: “The second special revenue proposal is…
TaxStatutory Rates of Tax: 2016 Year of Assessment1st May 2015The following new tax rates, rebates and thresholds proposed by the Minister of Finance in his Budget Speech on 25…
Payroll / eTorQueCompensation Fund W.As 8 Annual Return Forms1st May 2015The Compensation has confirmed that there is no change from last year to the layout of the W.As 8 annual…
LegislationPayroll / eTorQueReturn of Earnings – W.As 8: March 2014 – Feb 20151st May 2015Updated post and instructions for 2016 year available here. This post sets out the requirements for submitting your Return of…
Payroll / eTorQueUIF Remuneration Limit Decrease Postponed1st May 2015The Minister of Finance has decided to postpone (for at least a year) the decrease proposed in the 2015 Budget…
LegislationPayroll / eTorQueShould UIF be deducted from foreigners?1st May 2015Section 4 (1) (d) UIF Contributions Act 4 of 2002 does exclude certain types of foreign employees from contributing, in…
Payroll / eTorQueTaxIncome Protection Schemes8th March 2015All insurance policies that result in an annuity or lump sum pay-out and that are aimed at income or capital…
TaxForeigners Coming to Work in South Africa8th March 2015Foreigners are also regularly coming to impart skills in South Africa. A significant number of European migrants have entered South…
Payroll / eTorQueThe Gautrain8th March 2015There are numerous situations where an employee may be required to use the Gautrain in the performance of their job.…
TaxTax Free Investment Accounts (TFIA’s)8th March 2015There has been much talk about these accounts since SARS mentioned them as a means of encouraging savings. There is…