What is PAYE / UIF / SDL?
PAYE: Pay As You Earn – The Employer must deduct the Income Tax from the Employee’s monthly salary. This must then be paid over to SARS on a monthly basis.
UIF: Unemployment Insurance Fund – this fund guarantees your Employees an income for a few months in case they lose their job.
SDL: Skills Development Levy – which SARS uses to promote learning and development in South Africa.
UIF Registration at the Department of Labour
IMPORTANT: Please note that once you have your PAYE / UIF / SDL numbers from SARS, that your Company still needs to register for UIF at the Department of Labour (if your Company employs staff). Your PAYE/UIF/SDL SARS numbers needs to be linked to your Department of Labour UIF number. If your Company employs staff, it is compulsory to register for UIF at the Department of Labour. You can contact your Consultant for more details about this service, or order online below.
Requirements to Register for UIF / PAYE / SDL:
1. A Company. You need a Registered Pty Company. (we can also assist CCs and Individuals)
2. An Income Tax Number. If you are unsure, please contact us.
Advantages to be Registered for UIF / PAYE / SDL:
1. Compliance. Employers are required to be registered under law. Massive penalties could occur if this law is ignored.
2. Employee Satisfaction. You can gain trust from Employees if your Business is registered for UIF / PAYE / SDL.
3. SDL Funding. As a Registered SDL payer, you can apply to get funding for the Skill Developments that your Company is involved with (if your Company complies with the SDL requirements).