11 Reporting
(1) The Commissioner of the South African Revenue Service must submit to the Minister of Finance a report in the form and manner and containing the information that the Minister of Finance may prescribe by regulation in the Gazette for the purposes of the monitoring and evaluation of the employment tax incentive.
(2) The Minister of Finance must publish information on the employment tax incentive twice a year
SCHEDULE
(Section 13)
|
No. and year |
Short title |
Extent of amendment |
|
Act 58 of 1962 |
Income Tax Act, 1962 |
1. Amends section 10. |
|
2(a)-(b). Amends Paragraph 2 of the Fourth Schedule. |
||
|
Act 34 of 1997 |
South African Revenue Service Act, 1997 |
1. Amends Schedule 1. |
|
Act 28 of 2011 |
Tax Administration Act, 2011 |
1. Amends Section 70. |
ARRANGEMENT OF ACT
Part I
Employment tax incentive
Section 2 – Instituting of employment tax incentive
Part II
Eligible employers and qualifying employees
Section 3 – Eligible employers
Section 4 – Compliance with wage regulating measures
Section 5 – Penalty and disqualification in respect of displacement
Section 6 – Qualifying employees
Part III
Determining amount of employment tax incentive
Section 7 – Determining amount of employment tax incentive
Section 7A – Minister may announce altered amounts
Section 8 – Unavailability of employment tax incentive for reducing employees’ tax
Section 9 – Roll-over of amounts
Part IV
Miscellaneous
Section 12 – Cessation of employment tax incentive
Section 13 – Amendment of laws
Section 14 – Short title and commencement
BE IT THEREFORE ENACTED by the Parliament of the Republic of South Africa, as follows:
Reproduced under Goverment Printer’s Authorisation (Authorisation No. 11837) dated 30 November 2020.
Please remember to periodically “Check for Updates”!
EMPLOYMENT TAX INCENTIVE ACT 26 OF 2013
(ASSENTED TO 17 DECEMBER, 2013)
[Commencement date: 1 January, 2014]
[English text signed by the President]
as amended by
Taxation Laws Amendment Act 43 of 2014
Taxation Laws Amendment Act 25 of 2015
Taxation Laws Amendment Act 15 of 2016
Taxation Laws Amendment Act 17 of 2017
Taxation Laws Amendment Act 23 of 2018
Rates and Monetary Amounts and Amendment of Revenue Laws Act 32 of 2019
Taxation Laws Amendment Act 34 of 2019
Disaster Management Tax Relief Act 13 of 2020
Tax Administration Laws Amendment Act 16 of 2022
Rates and Monetary Amounts and Amendment of Revenue Laws Act 19 of 2022
To report an issue, please contact us at service@hApp-e-tax.co.za
ACT
To provide for an employment tax incentive in the form of an amount by which employees’ tax may be reduced; to allow for a claim and payment of an amount where employees’ tax cannot be reduced; and to provide for matters connected therewith.
PREAMBLE
SINCE the unemployment rate in the Republic is of concern to government;
AND SINCE government recognises the need to share the costs of expanding job opportunities with the private sector;
AND SINCE government wishes to support employment growth by focusing on labour market activation, especially in relation to young work seekers;
AND SINCE government is desirous of instituting an employment tax incentive,