collected 8.3% more personal income tax than in the past tax year, boosted by the 7.5% growth in employment numbers and the 5.3% increase in the country's wage bill.
"The register grows by millions, but the point we are making is that some are job seekers because some employers insist that before people come for opportunities, they must be registered with us… We were very careful to indicate that it's a smaller [new taxpayer] population that ends up contributing," said SARS chief revenue officer, Johnstone Makhubu.
This percentage of new taxpayers contributing PAYE is despite the fact that around 200 000 graduates leave SA universities, colleges and other tertiary institutions every year. Many are not absorbed in the labour market for years. And a significant portion of those who do, get into learnerships and internships.Those who get absorbed in the labour force must earn more than R95 750 a year to start paying tax – the PIT threshold.
_Business 7.5% growth in employment numbers, garbage analysis. SA has highest PIT in world, the 'lucky' pay 45% and still have to pay for security (no SAPS/Metro) medical (govt is ...) School fees and private social security. When you die they suck another 25%. What have we got to show
_Business i will always be thankful to God for giving me a reliable source no more lost,. through Brandonkaren11 Bitcoin mining investment platform
_Business 8.3% more for the corrupt cANCer cadres to loot! 😏🚮
_Business Still waiting for VAT refunds from last year! These figures are inflated.
_Business 90% of the newly created jobs are in Western Cape, under the party of “racists”. MYANC let that sink in.
_Business Today weve heard figures from 6% all the way to 9%, SA media are really clueless. Give them propaganda, then they are on top of their game.
Wolvaardt _Business Lies...
_Business The degrees are not even worth the paper it is written on!
_Business That means that 97% of graduates for the year are not employed.Dire.
_Business Who does the economics, surely the ratio should be better.
_Business Because we wish we could fuck off
Bhut_Lullo _Business 👀
Kim_Khandashisa _Business You say that entrepreneurship is the answer to grow our country but what you don’t realise is that companies that are starting out don’t pay tax for the employees, they don’t pay UIF. What was meant to be an empowerment movement just results in exploitation 💔
_Business Can you break those 6127 students in race form..i wanna see something interesting in the new dawn🥱🥱🥱
_Business Ei bandla.😥
_Business This is horrible, really really horrible.
_Business Blow what?
_Business ETI's is just a way for corporate SA to have cheap graduate labor under the guise of employing youth while enjoying tax incentives, no wonder there's a shortage in employment absorption, ETI's are the new criteria to employment.
TEBOGO89588055 _Business How many NEW foreign ‘BUSINESSMEN’ set up shop in SA? Why haven’t they been taxed? Landlords must register tenants with SARS. Dan sal die poppe dans. Why must SAns pay rates and taxes for filthy, foreign, invading trash.
_Business CyrilRamaphosa and MYANC doing wonders in creating jobs ne. NOT
Basically only 3% of graduates were employed jirses what a fucked up country
_Business Damn
_Business Never have so few paid so much for many
_Business This is carefully orchestrated to undermine education, theres one person who earns 4 people salaries without a qualification then ppl wonder why these companies are doing so bad
_Business Worrisome state of affairs!
_Business Shuuuu
_Business Wild
_Business Pay them better so that they can pay tax
_Business You reporting nonsense | surely you did maths lit
_Business And they are milking us big time
_Business Some of the qualifications are actually useless, students should be encouraged to do qualifications where there's a skill shortage and also, where opportunities to work in another country exists.
_Business There is an unofficial slave trade 'hardworking and experienced' labour market. It was okay when it only affected the poor but now it's directly affecting the middle class and their children . The self righteous middle class is now seeing the dangers of uncontrolled migration.
_Business Youth unemployment isn't around 45% or so 🤔
_Business The Labour absorption rate is very very low.
_Business 😳 insane
_Business 😂😂😂😂😂 It's because the fokkors wants everything for free.