SARS ETI (Employer Tax Incentive) Audits
The ETI (Employer Tax Incentive) has now become a big part of many of our client’s Payroll structures in thus reducing their PAYE liabilities on a monthly basis. Some clients have now become heavily reliant on these GREAT PAYE saving opportunities on their monthly EMP201 returns. This however comes with some headaches as it is an administrative nightmare with companies that has a large staff compliment such as those in hospitality and retail. [caption id="attachment_292" align="aligncenter" width="300"] ETI Nightmare[/caption] With the last EMP501 Submission season we have now seen that SARS is much more likely to flag employers claiming ETI for Audits and requesting multiple Payroll reports and ETI supporting documentation that will be subject to validation and compliance checks of both the Employer and Employees for whom ETI was…
