Details

  • Type: Publication series
  • Date: 12/18/2013

South Africa – Bill Creates Tax Incentive for Hiring Young Workers 

KPMG in South Africa reports that Employment Tax Incentive Bill (B46-2013) has been presented to Parliament and contains provisions granting a new rebate to employers to reduce their monthly employees’ tax bill, if certain conditions are met, relating to the hiring of young employees. Youth unemployment is an issue in South Africa and this measure aims to address it. The rebate, or subsidy, related to the hiring of young employees, can help lower an employer’s employment-related tax bill. The subsidy applies to all registered employers and all qualifying South African new hires. For more details, read this Flash International Executive Alert.

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South Africa – Bill Creates Tax Incentive for Hiring Young Workers (PDF)
 

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