n Tax Breaks Newsletter - Nowhere to run for property tax dodgers : transfer duty
|Article Title||Nowhere to run for property tax dodgers : transfer duty|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Oct 2005|
|Pages||5 - 6|
Extracted from text ... Moneyweb's TAX BREAKS October 2005 5 THE Ministers of Finance and Labour have increased the monthly maximum remuneration for purposes of calculating UIF contributions from R8 836 to R10 966 with effect from 1 October 2005. The maximum monthly contribution in respect of an employee who earns more than R10 966 per month will amount to R219.32 (R10 966 x 2%) as from October 2005. This represents an increase of R42.60 (R219.32 - R176.72) i.e. R21.30 each by the employee and employer. Employers using weekly and fortnightly payrolls that do not make provision for cents, may round the cents ..
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