Upcoming ETI changes for the May EMP201
The Second Revised Draft Disaster Management Bill was issued by the National Treasury on 19 May 2020. Although the bill provided a large amount of clarity, there were still a few parts that were unclear, which we were only able to finalise early this week. The revised bill made several important changes to the Employment Tax Incentive Act, which provides for further tax relief in respect of the COVID-19 pandemic.
The SimplePay team is hard at work implementing these changes to our system. If you are claiming ETI for May, please do not finalise or submit your EMP201s yet. We will ensure that these changes are made in time for the 7 June EMP201 submission deadline and we will keep you updated when these changes are live.
We are also seeking clarity on how, if at all, these changes will affect the EMP201 submissions made in April.
We hope that this information proves useful to you. If you have any queries on how the above relates to payroll and the SimplePay system, please feel free to get in touch with our customer support team at support@simplepay.co.za.
Team SimplePay