If your
employees work for you outside the country for more than 183 days in a year,
during which time they stay out of the country for a period of more than 60
days, all the income they receive will be tax exempt. As an employer who would
withhold employees’ tax and they would claim compensation and receive a refund
on assessment.
The foreign
investment limit is currently R2 million.
The first
18000 of any kilometres is deemed to be private if you do not keep accurate
logbooks.
You only
need to register for SDL if your annual payroll exceeds R500 000.
For VAT if
your annual turnover is over R1 million then you need to register. You may
however register voluntarily.
