2024 Annual Payroll Tax Update Webinar

Changes to Payroll Tax Legislation are unfolding

Rob Cooper and Niel Nel will discuss the impact on payroll offices and payroll systems of the final changes made by the 2023 Tax Amendment Bills that have now been tabled in Parliament for approval.

This morning webinar will bring you up to date on where we are and on what you can expect from two critically important employment administration projects:

‘Two-pot’ Retirement System

• The 2023 Amendment Bills made significant changes to enable pre-retirement access to a portion of one’s retirement assets, while preserving the remainder for retirement

SARS Vision 2024 PAYE Reform

• Significant progress has been made, culminating in the very recent publication of the SARS Specification for Monthly Tax certificate submissions that will make important changes to Personal Income Tax Administration

Other tax law changes that will be discussed include:

• Non-resident employer registration
• Tidying up of the retirement fund contribution deduction requirements
• Requirements for the August 2024 Interim Tax certificate submission and reconciliation

On the labour law front, we will overview the important Amendment Bills for the Compensation Fund and Employment Equity and hopefully be able to update you on their implementation dates.

Looking to the future:

• Budget 2024 is expected to propose some interesting legislative changes that will be unpacked in the webinar.

Join us to get up to date and to understand how these changes will affect your company.

About Rob Cooper

Rob is a founding member of the Payroll Authors Group of South Africa, a body that represents the payroll industry in discussions with the statutory bodies since 1989.

As chairman of the PAGSA, his focus over the past 34 years has been on the diverse legislation that governs the employment and payroll industry.

He is held in high regard as an employment tax expert and is a respected writer and presenter at tax seminars and workshops around the country.

About Niel Nel

Niel Nel worked for SARS in a wide range of operational areas from 1977 until his retirement in January 2023.

He was instrumental in the implementation of all phases of the PAYE system, the e@syFile and eFiling systems, as well as the Skills Development, UIF Contributions, and the Employment Tax Incentive systems.

Niel is now a Managing member of the PAGSA.