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BusinessLive reports that certain bargaining councils have for decades apparently neglected to deduct employees’ tax on benefits given to their members, but have now been offered the opportunity to become tax compliant.
This would be by paying a hefty levy on the total employees’ tax that should have been deducted from all payments to members over the past five years. However, it seems as if there is a fair amount of confusion in the industry about the way forward and also concern that the relief offered to non-compliant bargaining councils is too narrow. What is clear is that once the councils are compliant, members can expect that the payments they receive will be smaller due to the tax deductions. In terms of the relief, a levy of 10% must be paid on all employees’ tax that was not deducted from payments made between 1 March 2012 and 28 February 2017. They will also have to pay 10% of the income tax that should have been paid in respect of all undeclared income for the same period.
- Read this report by Amanda Visser in full at BusinessLive
Get other news reports at the SA Labour News home page