R1,725.00

PAYE and UIF are compulsory registrations for businesses that have employees.  They can be done on the same application.

PAYE is the employee tax that is collected on behalf of SARS and is paid monthly by the employer.  UIF is the temporary relief fund for employees which is collected by the employer and paid over to SARS monthly.

We can help with both PAYE and UIF registrations. To get started now with the process, make your order below.

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Description

PAYE and UIF are essential legal requirements for businesses that employ staff. In fact, it is mandatory for such businesses to register for both PAYE and UIF simultaneously.

PAYE, also known as Pay As You Earn, is the employee tax that employers collect on behalf of the South African Revenue Service (SARS). It is deducted from the employees’ salaries and paid over to SARS monthly. Essentially, PAYE is a way of ensuring that employees’ income taxes are paid regularly and accurately.

On the other hand, UIF, or the Unemployment Insurance Fund, is a temporary relief fund for employees that provides financial support in the event of loss of employment, illness or maternity leave. Employers are required to collect UIF contributions from their employees and pay them over to SARS monthly. This contribution is used to build up the employee’s UIF account, which they can later claim from in the event of a qualifying event.

If you’re a business owner, navigating the complexities of PAYE and UIF can be daunting. That’s why we’re here to help. Our expert team can assist you with both PAYE and UIF registrations, ensuring that you comply with all the necessary legal requirements.

Don’t risk non-compliance, which can result in hefty fines and penalties. Make your order today with us to get started with the process. We’ll guide you every step of the way, giving you peace of mind and allowing you to focus on what you do best – running your business.

FAQs

What is PAYE?
PAYE is the acronym for Pay As You Earn and is the tax paid by all employees over the PAYE threshold.  It is deducted from the employees salary and paid over to SARS by the employer.  It is paid over to SARS before the 7th of the month after it is collected.  It is the single biggest contributor to the tax collector making up 38% of total contributions.
Why should I register for PAYE?
An employer must register within 21 days of becoming an employer. The employer is also required to register for UIF at the same time as PAYE. PAYE and UIF contributions are paid to SARS by the employer after they have been deducted from the employees` salaries. It is a criminal offence to withhold PAYE from SARS.
What documents and information do you need to register for PAYE?
SARS requires the company name, registration number, income tax number and business description for both PAYE and UIF registrations. A letter from your company bank confirming your banking details is also required. You will need to estimate the total value of your payroll for the next 12 months as well as the estimated number of employees the payroll will be based on.
What is UIF?
UIF is the acronym for the Unemployment Insurance Fund which is managed by the department of Labour.  It is intended to give short-term relief to workers who become unemployed or who are unable to work because of maternity, child adoption or illness. It also provides relief to the defendants of a deceased contributor. The contributions for this fund is collected by SARS but managed by the department of Labour.
Why do I need to register for UIF?
It is the employers responsibility to pay the UIF contributions over to SARS within 7 days after the end of the month. If the last day for payment falls on a public holiday or weekend, the payment must be made on the last business day before the public holiday or weekend or SARS will automatically add a 10% penalty.
What documents and information do you need to register for UIF?
SARS requires the company name, registration number, income tax number and business description for both PAYE and UIF registrations. A letter from your company bank confirming your banking details is also required.
How is UIF calculated?
The total UIF contribution to SARS is 2% of the employee’s salary. However, this amount is shared equally between the employer and employee who each pay 1%. This means that only a 1% deduction will be seen on the employee’s payslip. There is a salary ceiling of R14872 pm which means that the maximum UIF contribution per month per employee is capped at R148.72

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