Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally.
Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for ten years.
So let’s recap what the ETI is, how it works, what conditions apply, and how it benefits you as an employer on the tax front, as summarised in a convenient ETI Calculation Table from SARS.
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