8 Things You Should Know About Payroll In South Africa

Payroll in South Africa Infographic

Most South African entrepreneurs believe that a rock-solid Payroll process is only necessary when you have multiple employees. That, however, is not true. There’s a long list of requirements and submissions that your company needs to comply with to avoid penalties from both SARS and the Department of Labour for processing successful payroll process.

Have a look at our list of 8 vital things every entrepreneur should know about Payroll in South Africa to avoid penalties:

Tip From SARS: On 19 October 2012, SARS clarified in a notification that merchants who use eFiling may continue to submit VAT declarations on the 25th of the month. The advantage of no interest, fines or prosecution will stay in effect if the declaration and payment are submitted via eFiling (or EFT) on or prior to the last business day of each month.