Starting from the 1st of March 2025, there are several important payroll compliance updates that businesses in South Africa need to be aware of:

Tax Law Updates

  1. ‘Two-Pot’ Retirement System: This system has been in operation for six months, and businesses need to understand its potential consequences.
  2. SARS Monthly Tax Certificate: Keep an eye on the current progress and expectations.
  3. Employee Refunds: Changes to how employee refunds will be taxed.
  4. Learnership Incentive: Extension of this incentive.
  5. Employment Tax Incentive (ETI): New measures to clamp down on the abuse of ETI.
  6. Tax Certificate Submission and Reconciliation: Requirements for February and August 2025.

Labour Law Updates

  1. Compensation Fund and Employment Equity Amendments: Status and timelines.
  2. National Minimum Wage: Impact of the Labour Appeals Court ruling.

Looking to the Future

  1. Budget 2025 Proposals: Expected to include some interesting payroll-related legislation changes.
    These updates are crucial for ensuring compliance and avoiding any potential penalties.

Stay Compliant & Prepared! 🚀

Ensure your business stays ahead of these payroll and labour law updates. Need guidance on navigating the changes? Our HR Support team is here to help!

📞 Get expert advice today – Contact Us Here

-Petro CalogeroÂ