Statutory Info

Keeping you updated

As specialists in Human Resource and Payroll Solutions, statutory compliance is essential. CRS is committed to always keep clients abreast of legislative changes, developments and the effects it has on industry.

Official Interest Rate

10.5% (as at 1 September 2009)

Coida

R239 172 per annum (01 March 2009)

BCEA

Earnings threshold - R149 736 per annum (March 2008)

SDL

Payroll Threshold remains at R500,00.00

1% Contribution

UIF

With effect from the 1st October 2007:

R149,736.00 - per annum

R12,478.00 - per month

R2,879.53 - per week

Tax Allowances

It is deemed that the first 18 000 kilometers are traveled for private purposes and the balance, not exceeding 14 000 kilometers, are traveled for business purposes, of the actual distance traveled during the 2010 year of assessment in the absence of a log book.

The portion of the fixed travel allowance which is subject to the deduction of employees' tax is 60%.

The rate per kilometer which may be used in determining the allowable deduction for business travel where no record of actual costs was kept, remains unchanged.

The rate per kilometer which is used for allowances or advances based on actual distance traveled for business purposes remains unchanged (R2,92 per kilometer).

Kindly note that it will be compulsory to keep a travel logbook from 2010

Motor Vehicle:

The percentages to determine the monthly taxable value in respect of use of a motor vehicle remains unchanged (i.e. 2,5% and 4% respectively).

The percentages which may be used to reduce these percentages where the employee bears the cost of all fuel for private use or the full cost of maintenance also remains unchanged (i.e. 0,22% and 0,18% respectively).

Donations:

The allowable amount may not exceed 5% of that employee's remuneration after deducting the other allowable deductions.

Subsistence Allowance:

Where the recipient is obliged to spend at least one night away from his / her usual place of residence on business and the accommodation to which that allowance or advance relates, is in the Republic and the allowance / advance is paid or granted to pay for:

Meals and incidental costs, an amount of R260 per day is deemed to have been expended or:

Incidental costs only, an amount of R80 per day is deemed to have been expended.

Tool Allowance:

Remains at R75

Tax Deductions

Medical Aid Contributions

R625 for each of the first two dependants and R380 for additional dependants

Pension Fund

Employee Contribution 7.5%
Annual Limit R1 750
Non-Taxable Arrear Contr. R1 800

Retirement Annuity

Employee Contribution 15%
Annual Limit R1 750
Total RA &Pension Limit R3 500
Arrear Contribution R1 800

Public Holidays: 2010

New Year's Day	1 January
Human Rights Day	21 March
Public Holiday	22 March
Good Friday	2 April
Family Day	5 April
Freedom Day	27 April
Workers' Day	1 May
Youth Day	16 June
National Women's Day	9 August
Heritage Day	24 September
Day of Reconciliation	16 December
Christmas Day	25 December
Day of Goodwill	26 December
Public Holiday	27 December

* If any of these public Holidays fall on a Sunday the following Monday shall be a public holiday