Some small businesses frustrated by long delays in SARS paying out Employment Tax Incentive - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Some small businesses say they’re frustrated by long delays with the payments of government’s Employment Tax Incentive (ETI) by SARS.

A logo of the South African Revenue Service inside a building.government’s Employment Tax Incentive by SARSThe ETI was introduced by government in 2014 as an incentive aimed at encouraging employers to hire young work seekers.

In its 8th year, some businesses have accused SARS of failing the programme with their long audits that they say drag on. Last month, President Cyril Ramaphosa revealed that the programme has yielded positive results with thousands of young people now in employment. However, this small business owner is concerned about long audits.

“We are doing everything that we have to do to bring young people into employment but there seems to be all sorts of programmes with the incentives, when it has to come to fruition, it just seems to be taking forever and ever. We don’t really know why. SARS doesn’t communicate; they just tell you that we’ve put you on audit. We don’t know why. Sometimes this audit can go forever and even sitting with an audit that has been ongoing for 90 days.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Did you ask SARS to comment on the article and if so what is their response

I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tunisian police question opposition leader - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Tunisian police questioned main opposition leader Rached Ghannouchi for more than 12 hours overnight, his lawyer said, over terrorism accusations that Ghannouchi, who was also speaker of the dissolved parliament, says are politically motivated. I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Catherine_nico thank you for everything you have done for me and my family Catherine_nico
Source: SABCNews - 🏆 37. / 51 Read more »