PaySpace Seminars

Mid-year Payroll Tax Update
Virtual Seminar

The payroll tax landscape is constantly evolving. This Mid-year presentation is essential for businesses and payroll professionals alike. We provide a comprehensive analysis of the draft Bills released in July, clarifying the significant changes proposed in the February Budget Review.

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If you want to understand the Two-pot Retirement system, this is your chance.

The Two-pot Retirement system comes into operation from 1 September 2024, allowing members of retirement funds to withdraw a portion of their retirement savings without having to resign from a job that is hard to come by.

This morning  virtual seminar will focus on all aspects of the Two-pot Retirement system including the tax calculations in great detail, explaining the difficult to understand aspects by using practical examples.

In addition, the changes proposed by the Tax Amendment Bills that will impact on payrolls will be explained in this morning webinar:

  • 2024 Mid-year Interim Tax Certificate submissions

The requirements for this year’s Interim tax certificate submissions will be explained.

  • Monthly Tax Certificate Submissions

Importantly for future monthly tax certificate administration, draft amendments are expected that will make the process of correcting errors from month to month easier and more efficient.

  • Employment Equity and Compensation Fund Amendment Acts

We now have a new Minister of Labour in the GNU Government, and it will be interesting to see in September where we stand with these two long-running Amendment Acts.

Depending on their progress, we expect there to be other important tax topics that will be included in the virtual seminar.

It will help you to understand all aspects of the Two-pot retirement system and will also bring you up to date with other payroll-related changes.

As always with these engaging presentations, questions are welcome, and you will be provided with the slides, a comprehensive workbook for later reference purposes, and access for 14 days to the recording.

Book now to secure your virtual seat and to join us to understand how these changes will affect your company.

About Rob Cooper

Rob Cooper Mobile

Rob is a founding member of the PAGSA, a body that represents the payroll industry in discussions with the statutory bodies.

As chairman of the PAGSA, his focus over the past 30 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.

Rob Cooper

About Niel Nel

Niel Nel Mobile

Niel Nel started working for the Port Elizabeth branch of SARS in 1977 when it was still Inland Revenue and retired from SARS on 31 January 2023.

During these many years of distinguished service, Niel acquired a National Diploma in Tax and Financial Accounting and was instrumental in the implementation of the Employees’ Tax (PAYE) system, the codified electronic certificates, the automation of the PAYE reconciliation system and the subsequent e@syFile and eFiling systems, as well as the Skills Development and the UIF Contribution processes, and the Employment Tax Incentive.

Over the years, Niel collaborated with the PAGSA and other external stakeholders and managed the SARS/PAGSA relationship from March 2020 until his retirement. He is now a Managing member of the PAGSA.

Niel Nel

Seminar details