Employment Tax Incentive ETI 2017

So, can Employment Tax Incentive ETI still be claimed after 31 December 2016 and is it still valid in 2017? We have been following up with SARS to ensure we are up to date on this matter at all times. We have been advised that the review process is still in progress. Thus, Employment Tax Incentive ETI is still valid and should be applied in 2017 until further notice.

Employment Tax Incentive (ETI) was implemented with effect from 1 January 2014. Companies have been able to claim ETI for all of their qualifying employees. There have been many questions and uncertainties from various Employers, whereby some don’t completely understand how it gets calculated and this led to certain employers feeling anxious about the effect it might have on their Pay-As-You-Earn (PAYE) and their annual returns in the near future.

To add to this uncertainty, the incentive’s effectiveness was to be reviewed to determine whether to incentive (scheduled to end of 31 December 2016) will continue or not. The Employment Tax Incentive Act, Act No. 26 of 2013 also mentions that the incentive ends on 31 December 2016 – “an employer may not receive the employment tax incentive from 1 January 2017”.

Below is a short summary focusing on the main aspects of ETI followed by the calculations :

Should you have any further questions regarding the above, please feel free to contact us on 021 447 9565 or send us a email on payrollsupport@e2e.co.za and we will give you a call to assist.

What is Employment Tax Incentive ETI:

  • In short, the Employment Tax Incentive (ETI) was implemented to encourage employers to employ “young workers”.

Some of the benefits include :

  • Improving the skills and experience of young South Africans whilst also improving the high unemployment rate in our country.
  • Reducing the employers PAYE amount due to SARS on a monthly basis, with the incentive allowing the employer to reduce the Total Gross PAYE on their EMP201 with the combined ETI total calculated for all qualifying employees.
  • Employers can claim the incentive for all qualifying employees for a 24 month period.
  • Employees’ wages unaffected while the employer can reduce the companies PAYE liability.

Qualifying Employees :

  • Employee has a valid SA ID, Asylum Seeker permit or ID in terms of Refugee Act
  • 18 – 29 years old
  • NOT a domestic worker
  • Employee is not a Connected Person to Employer
  • “A connected person or relative means your spouse or anybody related to you or your spouse by blood in the third degree (e.g. great great grandfather etc.), and any spouse of these persons.”
  • Employed ON or AFTER 1 October 2013
  • Paid a wage of at least R2000 and not more than R6000
  • Where employee was employed for 160 hours in a month

Qualifying Employers :

  • Registered for Employees Tax (PAYE)
  • Is not a municipal entity
  • Is not in national, provincial or local government sphere
  • Not a public entity listed in Schedule 2 or 3 of the Public Finance Management Act
  • Not disqualified by the Minister of Finance due to the displacement of an employee or by not meeting the conditions as may be prescribed by the Minister by regulation.

Employment Tax Incentive ETI Calculations :

Some Employers might have experienced certain ETI errors when submitting their Employer Reconciliation Declaration (EMP501) due to certain validation rules.

It is crucial to ensure that your ETI has been setup correctly on your Payroll software, and that the calculations are accurate and correct. For more information regarding the setup on your Payroll please contact us on the details provided.

Below is a summary on how ETI is calculated based on the different formulas :

  • For the first twelve months of employment :

 

Remuneration Tax % RebateTax Rebate Amount
R0 – R200050%R 0 – R999.9
R2001 – R4000FixedR1000
R4001 – R6000Formula X = A –(B x (C-D)) X = tax rebate A = R1000 B = 0,5 C = Monthly Remuneration D = R4000R 0 – R999.9
  • For the For the second twelve months of employment :

 

RemunerationTax % RebateTax Rebate Amount
R0 – R200025%R 0 – R499.9
R2001 – R4000FixedR500
R4001 – R6000Formula X = A –(B x (C-D)) X = tax rebate A = R500 B = 0,25 C = Monthly Remuneration D = R4000R 0 – R499.9

We would like to ensure all of our clients that we will continuously monitor and provide updates with regards to the review process and possible “cut-off” date in which you are able to still claim ETI.

Regards

Anton

SARS E@syfile Download

For your convenience and courtesy of SARS we have the latest SARS E@syfile download available from the links below.  The SARS compliance environment is ever changing.  You have no choice but to stay current by applying the latest knowledge and most of all by ensuring that you have the latest software.

We audit and consult in Payroll and SARS Compliance instances.  For assistance with the SARS E@syfile Download Log a support request and we’ll contact you: Click Here

 

SARS E@syfile Download

Courtesy of SARS we have the latest SARS E@syfile download available here:

Download from our site:  Click HERE

If you have any problems with the above link then access the latest version of the SARS E@syfile Download directly from the SARS Website.

Go directly to the SARS E@syfile Download:  Click HERE

E@syFile™ Employer can be downloaded onto your desktop and all work can be done offline. You only go online when you are ready to submit returns or reconciliations and tax certificates to SARS or manage agent appointments (AA88) via eFiling.  Alternatively use the software to prepare a disc and submit your reconciliation declaration manually to a SARS branch. Include manual signed copies of the EMP501 and, where applicable, an EMP601 and EMP701.

Take note that you must backup your current PAYE information on your PC prior to installing this version as the installation may delete your current information.   Furthermore, any beta test version downloaded must be uninstalled prior to installing this version of e@syFile™ Employer.

Included are step-by-step guides to help you complete your PAYE reconciliation declaration (EMP501) and Monthly Employer Declaration (EMP201), as well as manage Agent Appointments (AA88) and get to grips with e@syFile™ Employer.

Remember, for time-saving and hassle-free submissions electronic filing is just a click away.

e@syFile™ Employer allows employers and/or payroll administrators  to :

  • Complete, submit and revise (if necessary) the Monthly Employer Declaration (EMP201)
  • Complete, submit and revise the Employer Reconciliation Declaration (EMP501)
    • The importing of tax certificates and the capturing the EMP501 can be done offline. You only go online when you are ready to submit to SARS.
  • Manage the Employer Account
  • Manage Third Party Appointments (AA88s)
  • Register employees using the Income Tax Registration (ITREG) function.

Top Tip: The latest Release Notes tells you about the changes which have been made in the software.

What’s new in E@syFile™ Employer?

SARS Interim EMP501 Submission 2016

Dear Readers, SARS Interim EMP501 Submission 2016 is now open.  It’s that time of the Year again to get your Company EMP501 Recon and Declarations Submitted.  There have been many changes and SARS updates to get compliant with.  I listed the SARS top tips on the current and recent changes.

Contact us on payrollsupport@e2e.co.za for any additional assistance.

SARS Interim EMP501 Submission 2016 E2E

SARS Interim EMP501 Submission 2016 E2E

SARS Interim EMP501 Submission 2016

  • Employer Interim Reconciliation 2016
    Employers are required to submit an EMP501 confirming or correcting the amounts declared for Pay-As-You-Earn (PAYE), Skills Development Levy (SDL), Unemployment Insurance Fund (UIF), and Employment Tax Incentive (ETI) in their EMP201s submitted, the payments made and the tax values of the Employee Tax Certificates [IRP5/IT3(a)]. The interim reconciliation is for the six-month transaction period 1 March to 31 August and must be submitted during September and October.For the 2016 Employer Interim Reconciliation the following legislative and system changes should be noted:

    • From 1 March 2016 contributions to Pension, Provident and Retirement Annuity Fund is deductible for payroll taxes
    • New source codes (3817, 3825, 3828) have been created to differentiate between Pension, Provident and Retirement contributions and new source code (4582) to indicate the total value “remuneration” portion where the source codes allow a 20/80 split
    • Medical expenses tax credit for people over 65 years who are still employed have been introduced
    • New source code(4120) has been created  to capture the additional medical expenses tax credit for employees over 65 years
    • Taxpayers will be able to submit a request for correction in relation to audited periods after the audit has been completed. Audit outcomes will be communicated to taxpayers via listed email on SARS records, posted letters will only be sent to taxpayers who do not have an email listed under their profile
    • EMP 501 has been updated to enable employers to print both EMP 501 and IRP5/IT3 (a) as a package. There is also an option for taxpayers to write the postal address in their preferred unstructured format
    • e@syfile Employer enhancements include an upgrade to Windows 8, and bulk printing of IRP5/IT3(a) certificates
    • Capturing of an EMP 201 return prior to 1999 will be allowed.

Top Tip: The latest e@syFile™ release notes is version 6.7.0.

  • 13 June 2016 – 2016 IRP5/IT3(a) : 4018
    Income Protection Policy Premiums (4018) is not allowed as a deduction from 1 March 2015. Some employers have taken this deduction into account for the 2016 PAYE calculations.   This resulted in the under-deduction and payment of PAYE.These employers are requested to rectify such under-deductions and payments to SARS. Incorrect IRP5/IT3(a) certificates should be corrected, submitted to SARS and re-issued to affected employees. Employers are requested to make these corrections urgently to ensure that the correct details can be pre-populated by SARS on the employees’ income tax returns (ITR12s).The 4018 deduction may still be reflected on the 2016 IRP5/IT3(a) certificate although it no longer qualifies as a deduction for tax purposes.
  • 1 April 2016 – Employer Annual Reconciliation Employers are required to submit their Pay-As-You-Earn (PAYE) Employer Annual Reconciliations between 18 April and 31 May 2016 to SARS, confirming or correcting payroll tax amounts which were declared during the 2015/2016 tax period.This year, employers are urged to accurately verify and update each employee’s personal and financial details before submitting their Annual Reconciliation Declaration (EMP501) and Employees Income Tax Certificates [IRP5/IT3(a)s] to SARS.Should these details be incorrect on an IRP5 certificate, the employee will be unable to file his/her Income Tax Return for Individuals (ITR12) during Tax Season.  Individuals will no longer be allowed to make any corrections to pre-populated IRP5 details on their returns.In cases where details are incorrect, employees will have to revert to their respective employers who will need to make changes on the IRP5 and re-submit these to SARS. This process can be time consuming and it may become problematic for employees to file on time.

    Employers play a very important part in the income tax cycle which effectively starts on 18 April with the submission of the annual reconciliations. We rely on your cooperation to make the submission of ITR12s later in the year as stress-free as possible for all involved. Need help? Call the SARS Contact Centre on 0800 00 7277

SARS Postpones EMP501 Submission Season 2016

SARS has now postponed the Start of the 2016 EMP501 and Tax Certificate Submission Season BUT have not extended the Deadline of 31 May 2016, eventhough I have checked on their “Important Dates” listing and the EMP501 Deadline does not appear on there anymore for the 2016 Submission.

2016 SARS Year End E2E Crunch Time

2016 SARS Year End E2E Crunch Time

Employers are required to submit their Pay-As-You-Earn (PAYE) Employer Annual Reconciliations between 18 April and 31 May 2016 to SARS, confirming or correcting payroll tax amounts which were declared during the 2015/2016 tax period.

This year, employers are urged to accurately verify and update each employee’s personal and financial details before submitting their Annual Reconciliation Declaration (EMP501) and Employees Income Tax Certificates [IRP5/IT3(a)s] to SARS.

Should these details be incorrect on an IRP5 certificate, the employee will be unable to file his/her Income Tax Return for Individuals (ITR12) during Tax Season.  Individuals will no longer be allowed to make any corrections to pre-populated IRP5 details on their returns.

As we have also mentioned previously, Banking details are of upmost importance to be bona fide and current as majority of individuals experiencing issues with Payment be made to them from SARS is due to them having to go in to SARS Branches, again, majority of those individuals will have to have more than one visit to SARS branch and with great difficulty have their banking details verified for payments by SARS.

In cases where details are incorrect, employees will have to revert to their respective employers who will need to make changes on the IRP5 and re-submit these to SARS. This process can be time consuming and it may become problematic for employees to file on time. This process as it is time consuming will also be rather costly as it is unnecessary if it was avoided be the employer ensuring that personal details for all their employees, current AND terminated is current and correct.

Employers play a very important part in the income tax cycle which effectively starts on 18 April with the submission of the annual reconciliations. We rely on your cooperation to make the submission of ITR12s later in the year as stress-free as possible for all involved. Need help? Call the SARS Contact Centre on 0800 00 7277.

For the Submission if we have not started with you yet, contact me personally on francois@e2e.co.za

Sage Pastel Clients: SARS Personal Tax Season is Open

Dear E2E Followers,

We want to wish you all the best and plenty of returns on your hard earned and deducted PAYE. The deadline dates for your convenience:

  • Manual or postal submissions : 30 September 2015
  • E-filing submissions : 27 November 2015
  • @ a SARS Branch : 27 November 2015
  • E-filing for provisional tax payers : 29 January 2016

We would like to hear from you on your 2015 Personal Tax submission experience. Are you the early bird in submitting your Personal Tax Return to SARS for that much wanted winter refund? Contact me directly: Francois@e2e.co.za

You can now be Tax Smart with SARS’ Top Tax Tips:

Tax Tip #1: Don’t file a tax return if you don’t need to

You don’t need to file if your total salary earned during 1 March 2014 – 28 February 2015 for the 2015 tax year is not more than R350 000 (before tax), provided:

  • You only have one employer (but remember if you have two employers or income sources e.g. late spouse / partner pension income, exam markings income, moonlighting income etc you do need to file even if the total is still under R350 000) or
  • You have no car allowance or other income (e.g. interest or rent) or
  • You are not claiming tax related deductions (e.g. medical expenses, retirement etc) or
  • You received interest from a source in South Africa not exceeding –
    • R23 800 if you are below the age of 65 years; or
    • R34 500 if you aged 65 years or older or
  • Dividends were paid to you and you were a non-resident during the 2015 year of assessment.

If you are still unsure if you need to file a tax return, click here.

Top tip: Trusts are required to submit an annual Income Tax Return (IT12TR), as well.

Tax Tip #2: Looking for your tax number?

Your income tax reference number is a unique 10-digit number issued by SARS to a taxpayer on registration.

If you are registered, you can find your tax number on your:

  • Notice of registration from SARS
  • Employee Tax Certificate (IRP5/IT3(a))
  • Income Tax Workpage on eFiling, if you’re a registered eFiler.

Top tip: What else to do if you need your tax number?

Tax Tip #3: No login details. No problem

Forgot your eFiling username and password? Follow these easy steps:

  • Visit www.sarsefiling.co.za
  • Click on Login
  • Click on the question mark icon
  • Request your login details
  • We’ll send it to your SARS registered email address or cellphone number

Still stuck? Call us on 0800 00 7277 or get more tips here if you have forgotten your eFiling login details.

Top tip: If you’re not registered yet for eFiling, follow our simple and easy steps to register.

Tax Tip #4: Make accurate claims

To avoid penalties, make sure you have the correct documentation and proof for every claim you make.

  • Only use info and figures that reflect on your supporting documents
  • Use ONLY the amounts reflected on your contribution certificates from your retirement annuity fund, income protection scheme, medical aid etc.
  • Make sure you keep an accurate logbook and do not fabricate kilometres travelled
  • Don’t inflate the value of your vehicle.

Tax Tip #5: Don’t lie on your tax return

Overstating the number of dependants or expenses for medical claims is a criminal offence.

  • Only claim for the actual number of dependants registered on your medical aid
  • Don’t overstate your out-of-pocket medical expenses because SARS will ask for your receipts
  • Medication that has not been prescribed may not be claimed for.

For more info on Medical rebates, click here.

Tax Tip #6: Don’t hide it. We’ll find it!

We are closing in on undeclared income and overstated expenses.

  • Declare all income you received during the year of assessment like rent, interest and income from your part-time job
  • If a deduction does not exist – do not claim for it!

Tax Tip #7: Be prepared

Have the applicable documents on hand to complete your tax return, such as:

  • IRP5 or IT3(a) certifcates from your employer or pension fund
  • Financial statements (e.g. business income)
  • Medical aid certificates and receipts
  • Retirement annuity fund contribution certificates
  • Tax certificates for investment income (IT3(b))
  • Completed confirmation of diagnosis of disability form (ITR-DD)
  • Information relating to capital gain transactions
  • Travel logbook

Remember, if you’re filing at a SARS branch you must bring all the listed documents applicable to you, plus original proof of identity (ID, temporary ID, passport or driver’s licence).

Tax Tip #8: Don’t fall for scams

Don’t be fooled by emails asking for your personal info

  • SARS will never request your banking details or personal details in any communication that you receive by post, email, phone or SMS
  • SARS will also not send you any hyperlinks to other websites – even those of banks
  • There are no links to any bank on this website.

Tax Tip #9: Be ‘tax smart’ and eFile

eFiling is the quickest and easiest wayto submit your return

  • Visit eFiling to register and submit your return online
  • If you’re an eFiler download the eFiling app and submit your return via your smartphone or tablet
  • Need help? Click on the Help-You-eFile icon on eFiling (when filing from your computer) and follow the prompts to get access to a friendly SARS Contact Centre agent.

Need help?

Important SARS Submission Deadlines For 2015

With so many deadlines and projects running we at End 2 End Business Solutions find it vital to remind you of some important SARS Deadlines for the remainder of the year.

One of the most important being the Employer Annual Reconciliation Deadline.

This is for ALL employers to have their EMP501 Declarations which is also the submission of the Employees’ Tax Certificates.

The deadline for these submissions is 29 May 2015.

 

SARS EMP501 Graphic - Reconciliation

SARS EMP501 Graphic – Reconciliation

 

Important SARS Submission Deadlines For 2015

 25-05-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 29-05-2015 – Employer Annual Reconciliation ends
 29-05-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 05-06-2015 – Submission and Payment of EMP201
 25-06-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 30-06-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 01-07-2015 – Start of Tax Season for Individuals and Trusts
 07-07-2015 – Submission and Payment of EMP201
 24-07-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 31-07-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 07-08-2015 – Submission and Payment of EMP201
 25-08-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 31-08-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 31-08-2015 – Submission and Payment of Provisional Tax
 01-09-2015 – Employer Interim Reconciliation starts
 07-09-2015 – Submission and Payment of EMP201
 25-09-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 30-09-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 07-10-2015 – Submission and Payment of EMP201
 23-10-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 30-10-2015 – Employer Interim Reconciliation ends
 30-10-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 06-11-2015 – Submission and Payment of EMP201
 25-11-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 30-11-2015 – Submission and Payment of VAT201 – Registered VAT eFilers
 07-12-2015 – Submission and Payment of EMP201
 10-12-2015 – End of 16 Days of Activism against abuse
 24-12-2015 – Submission and Payment of VAT201 – Manual Registered Vendors
 31-12-2015 – Submission and Payment of VAT201 – Registered VAT eFilers

 

Please let us know if you need any assistance with your Tax Year End EMP501 and Tax Certificate Submissions.

E-mail: francois@e2e.co.za

Sage Pastel Payroll PAYE Tables Update + Sage Pastel Tax Guide

Dear E2e followers,

Download your Sage Pastel Payroll 2016 PAYE Tables from this blog, or, we’ll arrange the upgrade for you!

End 2 End Business Solutions has been in the Sage Pastel software support and sales field for well over 10 years. When we have the opportunity, we share the latest Payroll and Accounting updates with our clients via our blogs so that as a subscriber you get notified before anyone else!

Employers are required to deduct PAYE from the earnings of people who work for them. These tax tables change every year and need to be updated on your Sage Payroll software in order for your software to generate the correct amounts. Be the first to have the 2016 PAYE Tables applied to your Sage Payroll software.

Simply contact Francois@e2e.co.za and we will gladly assist you with your Sage Payroll upgrade:

Alternatively download the upgrade yourself, HERE.

What’s more is the budget speech has come and gone and it’s time to make sure you are up to date with all the latest tax requirements.

Download your free Sage Pastel Tax guide HERE.

If you have any questions regarding this or require Sage Payroll support, you can contact us on 0214479565 or comment below.

Regards,

Fraswa

SARS Pocket Guide and People’s Guides on Budget

Are you having trouble navigating SARS’ latest tax rates? Then have a look at the summarised Pocket Guide on the subject:

Budget PocketGuide 2015-16-1

There are also multilingual People’s Guides available on the South African 2015 Budget:

People’s Guide in Afrikaans:

2015 People’s Guide – Afrikaans

People’s Guide in English:

2015 People’s Guide – English

2015 People’s Guide in Setswana:

2015 People’s Guide – Tswana

2015 People’s Guide in Zulu:

2015 People’s Guide – Zulu

2015 People’s Guide in Xhosa:

2015 People’s Guide – Xhosa-1

If you have any questions, be sure to contact me via the form below:

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Your SARS PAYE Post Budget Speech Net Pay Comparison

I’m sure most of you have heard the highlights of the recent Budget Speech thanks to the general influx of emails, blogs, posts, tweets and the like following the South African National Budget Speech.

We would like to show you what your actual take home salary will be with effect of March 2015.

Last year up until end February 2015 is represented in the 2015 column while March 2015 – February 2016 is represented in the 2016 column.

 

PAYE 2015 VS 2016 By Fraswa

PAYE 2015 VS 2016 (Click to view)

 

Sage’s Top 10 Budget Speech Highlights

Personal income tax rates, rebates and thresholds have been increased.
UIF earnings threshold is proposed to be limited at a maximum of R1000.00 per month for the year 2015/2016.
The General Fuel Levy was increased by 30.5c/litre and the Road Accident Fun Levy has increased by 50c/l.
Micro business tax rates for turnover tax has been decreased.
Local subsistence allowance has been set to R353.00 per day for meals & incidental costs and R109.00 for incidental costs only.
Proposition has been made to increase the electricity levy by 2c/kWh.
Employment Tax Incentive calculations have been amended to include employees not working a full month.
Retirement Reform has been postponed, preliminarily until 1 March 2016.
Transfer duty rates and brackets have been amended to provide relief for middle-income households.
The deemed rate per kilometre was decreased 12c to R3.18/km.

 

SARS’ prior PAYE Tables and Rebates for Individuals

2016 Tax Year (1 March 2015 – 29 February 2016)

​Taxable income (R)​Rates of tax (R)
​0 – 181 900​18% of each R1
​181 901 – 284 100​32 742 + 26% of the amount above 181 900
​284 101 – 393 200​59 314 + 31% of the amount above 284 100
​393 201 – 550 100​93 135 + 36% of the amount above 393 200
​550 101 – 701 300​149 619 + 39% of the amount above 550 100
​701 301 and above​208 587 + 41% of the amount above 701 300

 

2015 Tax Year (1 March 2014 – 28 February 2015)

​Taxable income (R)​Rates of tax (R)
0 – 174 550​​18% of each R1
​174 551 – 272 700​31 419 + 25% of the amount above 174 550
​272 701 – 377 450​55 957 +30% of the amount above 272 700
​377 451 – 528 000​87 382 + 35% of the amount above 377 450
​528 0001 – 673 100​140 074 +38% of the amount above 528 000
​673 101 and above​195 212 + 40% of the amount above 673 100

 

2014 Tax Year (1 March 2013 – 28 February 2014)

Taxable income (R)​​Rates of tax (R)
​0 – 165 600​18% of each R1
​165 601 – 258 750​29 808 + 25% of the amount above 165 600
​258 751 – 358 110​53 096 + 30% of the amount above 258 750
​358 111 – 500 940​82 904 + 35% of the amount above 358 110
​500 941 – 638 600​132 894 +38% of the amount above 500 940
​638 601 and above​185 205 + 40% of the amount above 638 600

 

2013 Tax Year (1 March 2012 – 28 February 2013)

​Taxable income (R)​Rates of tax (R)
​0 – 160 000​18% of each R1
​160 001 – 250 000​28 800 + 25% of the amount above 160 000
​250 001 – 346 000​51 300 + 30% of the amount above 250 000
​346 001 – 484 000​80 100 + 35% of the amount above 346 000
​484 001 – 617 000​128 400 + 38% of the amount above 484 000
​617 001 and above​178 940 + 40% of the amount above 617 000

2012 Tax Year (1 March 2011 – 29 February 2012)

​Taxable income (R)​Rates of tax (R)
0 – 150 000​​18% of each R1
​150 001 – 235 000​27 000 + 25% of the amount above 150 000
​235 001 – 325 000​48 250 + 30% of the amount above 235 000
​325 001 – 455 000​75 250 + 35% of the amount above 325 000
​455 001 – 580 000​120 750 + 38% of the amount above 455 000
​580 001 and above​168 250 + 40% of the amount above 580 000

 

Tax Rebates

Tax Rebate​​Tax Year​ ​ ​ ​ ​
​2016​2015​2014​2013​2012
​Primary​R13 257​R12 726​R12 080​R11 440​R10 755
​Secondary (65 and older)​R7 407​R7 110​R6 750​R6 390​R6 012
​Tertiary (75 and older)​R2 466​R2 367​R2 250​R2 130​R2 000

 

Tax Thresholds

Tax Year​ ​ ​ ​ ​
Person​2016​2015​2014​2013​2012
Under 65​R73 650​R70 700​R67 111​R63 556​R59 750
​65 an older​R114 800​R110 200​R104 611​R99 056​R93 150
​75 and older​R128 500​R123 350​R117 111​R110 889​R104 261

 

Free Download of the latest version of SARS E@syfile

For those who are still braving the SARS EMP501 Compliance and Submissions we wish you the best of luck!

We have Uploaded the Latest version of SARS E@syfile for you to conveniently download from the link below:

Click here to download SARS E@syfile.

Whether or not you make use of Sage Pastel Partner or FLEX software for your business, this will certainly help submit returns or reconciliations and tax certificates to SARS or manage agent appointments (AA88) via eFiling.

If you have not booked us for your Sage Pastel Payroll PAYE reconciliation declaration (EMP501) ReCon, Audit and Submissions, please do so in a prompt fashion.

Francois@e2e.co.za

Filing Seasons Greetings,

Fraswa

Francois Mans @ E2e Makes puts the Easy in E@syfile

Francois Mans @ E2E puts the Easy in E@syfile