Have you experienced ETI Validation Rule Errors?
The Pay-As-You-Earn (PAYE) interim reconciliation closed on 31 October 2016. Some employers may have experienced Employment Tax Incentive (ETI) validation errors when submitting their Employer Reconciliation Declaration (EMP501) to SARS. We have provided guidance further down on how to resolve the recently encountered validation errors.
Were your ETI certificates rejected?
A number of employers were previously advised when submitting their Interim Employer Reconciliation Declaration (EMP501) for the reconciliation period 201608 that they had failed ETI validations and were requested to amend and resubmit the reconciliations.
“Hot off the Press” is a recent Media Statement issued by The Department of National Treasury
2016 Draft Taxation Laws Amendment Bill (Second Batch):
Request for Public Comments on draft bill including Employment and Learnership Tax Incentives
National Treasury and the South African Revenue Service (SARS) today publish a second batch of the
2016 Draft Taxation Laws Amendment Bill (TLAB) for public comment, following the first batch TLAB
published on 8 July 2016.
EMPLOYMENT TAX INCENTIVE (ETI) EXPLAINED
SARS AT YOUR SERVICE
|Monthly RemunerationMin SIC Wage or R2000.00||First 12 months of EE’s employment||Second 12 months of EE’s employment|