BusinessLive reports that the government has proposed a five-year extension of the employment tax incentive to promote employment, particularly of young workers.  

The proposal is contained in the draft Taxation Laws Amendment Bill, as released by Treasury for public comment.  The proposal was mentioned in President Cyril Ramaphosa’s state of the nation address in February, as well as in his programme to stimulate youth employment.  The incentive, which was introduced in January 2014 and was extended for a further two years until February 2019, works as a deduction from PAYE of part of the salary of a worker aged below 30 and earning less than R6,000.  Treasury acting chief director of economic tax analysis Chris Axelson said the proposed extension was based on a review that indicated the tax had "modest" positive effects on growth rates of youth employment in claiming firms.

• Read this report by Linda Ensor in full at BusinessLive

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