We believe it is critical for business owners to be aware of rapid changes to tax legislation in South African. Fortunately, we have the expertise to guide businesses through the ‘minefield’ of tax legislation and updates.

The latest change is that PAYE BRS for Employer Reconciliation version 17.0.2 was published, as amended by SARS, and published on 10 July 2018.

Why is this important? Well, for starters the changes in the official document – under Revision History – amends the validation for monthly calculated ETI to make provision for the designated Special Economic Zones (SEZ).

A list of SEZ’s for ETI purposes has been added as Appendix E in the BRS.

To make life a bit easier, we’ve put together a table of SEZ’ under discussion: –

COE                 COEGA SEZ

DTP                  DUBE TRADE PORT SEZ

EAL                  EAST LONDON SEZ

MAP                 MALUTI-A-PHOFUNG SEZ

SLB                  SALDANHA BAY SEZ

RIB                   RICHARDS BAY SEZ

It is important to take note that employees who are employed at a fixed place of business within the SEZ zones listed (and where the person renders services to that employer mainly within that SEZ), the age limit to determine if the employee qualifies for ETI, does not apply,

This means employees of any age can qualify to generate the tax incentive for an employer.

For more information and to access the new BRS, click here