Payroll News


1 March 2001

New WCA Maximum Earnings


R 123396-00 is the limit for Year Ending 28-02-2001

R 130884-00 is the limit for Year Ending 28-02-2002

22 February 2002

STATUTORY TAX TABLES

Here are the new Statutory Tax Tables for Tax Year 2002

From To Basic %
0 38000 0 18%
38001 55000 6840 26%
55001 80000 11260 32%
80001 100000 19260 37%
100001 215000 26660 40%
215001 8-) 72660 42%

Rebate Type Value
Primary R 4140
Age 65 and over
(additional to primary)
R 3000

1 January 2001

New UIF Maximum Earnings


R 97188-00 is the new limit.

28 February 2001

STATUTORY TAX TABLES

Here are the new Statutory Tax Tables for Tax Year 2001

From To Basic %
0 35000 0 18%
35001 45000 6300 26%
45001 60000 8900 32%
60001 70000 13700 37%
70001 200000 17400 40%
200001 8-) 69400 42%

Rebate Type Value
Primary R 3800
Age 65 and over
(additional to primary)
R 2900

1 November 1999

New UIF Maximum Earnings


R 93288-00 is the new limit.

21 May 1999

New WCA Maximum Earnings


R 115284-00 is the new limit.

18 February 1999

New Tax Tables


Here are the new Statutory Tax Tables for Tax Year 2000

From To Basic %
0 33000 0 19%
33001 50000 6270 30%
50001 60000 11370 35%
60001 70000 14870 40%
70001 120000 18870 44%
120001 Above 40870 45%

Rebate Type Value
Primary R 3710
Age 65 and over
(additional to primary)
R 2775


1 December 1998

Overtime 1 Rate


As from the 1 December 1998, the Overtime 1 rate will be Time and a half (1.5) according to the new Labour Law

NB: This does not affect Industrial Councils until gazetted at the next negotiations.

8 September 1998

U.I.F.


As from the 1 September 1998, the U.I.F. limit is now R 88920-00

18 August 1998

For the Tax Year ending Feb 99.

IRP 5's will be done electronically. By this we mean on diskette or equivalent media.

This means Employers will be responsible for employees IRP 5's, as the stationery will no longer be supplied by The Receiver.

28 June 1998

S.E.I.F.S.A. Stationery

As from the 1 June 1998, S.E.I.F.S.A. no longer has VAT on their stationery.

VAT will now be charged on a separate Invoice for services.

27 March 1998

CAR & TRAVEL ALLOWANCES


As from the 1 April 1998, Car & Travel Allowances will no longer be 40% taxable, but 50% taxable.

To make this effective on the payroll, it is required, that Payroll users edit the Part 4 setup and change the percentage values for all entries pertaining to car & travel allowances.

MEDICAL AID CONTRIBUTIONS

Also effective from 1 April 1998, is the taxation of Medical Aid benefits, where the company's portion exceeds 66% (two-thirds).

The employer contribution of the Medical Aid exceeding 66% must be taxed as a Fringe benefit on the employee's behalf, this effectively puts an end to Medical Aid as a payroll sacrifice method.


STATUTORY TAX TABLES

Here are the new Statutory Tax Tables for Tax Year 1999

From To Basic %
0 31000 0 19%
31001 46000 5890 30%
46001 60000 10390 39%
60001 70000 15850 43%
70001 120000 20150 44%
120001 1000000 42150 45%

3 February 1998

As from March '98 the S.E.I.F.S.A. Rates will be changing.

Lesser Skilled Workers (ie. <= R10.50 / hour)
Council deduction will R0.27 previously R0.25.

Higher Skilled Workers (ie. > R10.50 / hour)
Council deduction will R0.49 previously R0.47.

Minimum Total contribution including Employer contribution.
Changes from R25.00 / Month to R27.00 / Month.

REF. LET.146