PAYE - DEFINITIONS AND CONCEPTS
Employees' tax is an advance payment against the liability for income tax at the end of the year.
The employer withhold the tax on a monthly basis and pay this over to SARS on the 7th of the following month.
An employer is any person who needs to pay or is liable to pay any person by way of remuneration.
An employee is defined as follows:
* Any person who receives any remuneration
* Any
labour broker
* Any
personal service provider (PSP)
* Any director of a Private Company / or member of a Closed Corporation
Independent contractors
are excluded from remuneration.
Using a
payroll
to calculate your employees' tax and issue IRP 5 and IT 3(a) certificates.
Find this page helpfull? Please pay it forward. Here's how...
Would you prefer to share this page with others by linking to it?
- Click on the HTML link code below.
- Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment,
your Facebook account, or anywhere that someone would find this page valuable.
|