31 July - Labour

Today on Sakhisizwe we played an interview I had with Benjamin De Klerk - Tax Payers Service Education Coordinator. We were talking about Employees Tax. What is it and to whom is it payable to. We have the Standard Income Tax on Employees and the Pay As You Earn but the question is how do they differ - Well Pay As You Earn is the employees’ tax that is deducted by the employer from the amount of full-time employment income in excess of the SITE threshold for a year of assessment while the main objective of Standard Income Tax on Employees or SITE is to ensure that the sum of the tax deductions made by the employer is equal to the final income tax (normal tax) liability of the individual for the year of assessment. For more information you can contact your nearest SARS office or call 0860 12 12 18 alternatively visit www.sars.gov.za

And last but not least we spoke to Sharmiela Garnie – From the Job Creation Trust. The primary objective of the Trust is to minimise unemployment. The subsidiary objectives and programmes of the trust include Youth Employment, Aids Awareness and Women and Rural Poverty alleviation. Sharmiela explained more. If you want more information about the Trust contact (011) 339 1486 or visit www.cosatu.org.za

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