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  • What are the ETI benefits employers can enjoy during the Covid 19 relief period?
Articles:

What are the ETI benefits employers can enjoy during the Covid 19 relief period?

24 April 2020

As part of the tax relief measures provided by National Treasury, the ETI for qualifying employees were increased from R 1 000 to R 1 500 for the first 12 qualifying months and from R 500 to R 1 000 to the second 12 qualifying months. 

On 23 April 2020 National Treasury provided further relief for ETIs in terms of the age restriction on ETIs for qualifying employees in that an ETI of R 750 (initially R 500) is granted per qualifying employee per month where the employees are between the ages of 30 – 65 years.

National Treasury also increased the initial ETI relief of R 500 to R 750 per qualifying employee per month for the 18 – 29 year age group where the ETIs for the first 24 months have already been exhausted.

 

The Ministry of Finance has also accelerated the ETI refund process in that refunds can now be claimed monthly instead of bi-annually as part of the EMP501 reconciliations.  

All the above ETI tax relief measures are only available to employers registered at SARS as at 1 March 2020 and is only valid for a period of four months with effect from 1 April 2020 for payments due on 7 May 2020. 

 

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