Tag Archives: employment tax incentive

Employment Tax Incentive helping but needs work

Employment Tax Incentive helping but needs work

South Africa’s Employment Tax Incentive (ETI) needs some work if it is to serve as a strong weapon in the fight against youth unemployment, says Rob Cooper, tax and legislation expert at Sage HR & Payroll. Formerly known as the “youth wage subsidy”, the legislation was introduced in early 2014 to encourage employers between the ages of 18 and 30, with the government subsidizing half the wage bill. The National Treasury states that, in the period from 1 January 2014 to the end of February…

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