If your Company have one or more employees, it becomes compulsory for your Company to be registered for PAYE, UIF and SDL at SARS.
- PAYE: “Pay As You Earn”. It is the process of deducting an employee’s monthly Income Tax from his / her salary. You, as the employer, will then pay it directly to SARS. It is calculated and paid monthly to SARS by the Employer.
- UIF: Unemployment Insurance Fund – this fund guarantees your employees of 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.
Time to complete: 2-5 days