R980.00

SDL is the acronym for Skills Development Levy. It is a compulsory tax for all companies with a staff bill in excess of R500 000 per annum. We can help you with SDL Registration. Make your order now to get started with the process.

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Description

SDL, which stands for Skills Development Levy, is a mandatory tax that all companies with an annual staff bill exceeding R500,000 are required to pay. This tax is aimed at promoting skills development within the workforce and is governed by the South African Revenue Service (SARS).

If your company meets the criteria for SDL, it is important to ensure that you are registered with SARS and compliant with the relevant legislation. Failure to do so can result in penalties and legal action.

Fortunately, we can assist you with the SDL registration process, ensuring that your company is in compliance with the law and able to focus on its core business activities. Our team of experts has extensive experience in SDL registration and can guide you through the process, from start to finish.

To get started with the SDL registration process, simply place an order with us and we will take care of the rest. We understand that navigating the regulatory landscape can be daunting, but with our assistance, you can rest assured that your company is in safe hands. Don’t delay – make your order now and let us help you achieve compliance and success.

FAQs

What is SDL?
SDL is an acronym for Skills Development Levy and is a compulsory tax paid by employers whose staff bill exceeds R500 000 per year. It is aimed at established businesses so fortunately start-ups do not have to register for SDL.
Why should I register for SDL?
It is compulsory to register and pay the SDL levy once your staff bill exceeds R500 000 per annum.
What documents and information do you need to register for SDL?
SARS requires the company name, registration number, income tax number and business description.  A letter from your company bank confirming your banking details is also required. You will also need to estimate the total amount of your payroll for the next 12 months as well as the estimated number of employees the payroll will be based on.
How is SDL calculated?
The amount is 1% of the total monthly salary bill paid each month to SARS. The total salary bill includes overtime payments, leave pay, bonuses, commissions, and lumpsum payments.
When does SDL get paid to SARS?
SDL must be paid together 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.
Is my Tax Registration Number also my SDL registration number?
No, Your Tax number is your income tax registration number and different from your SDL registration number and need to be applied for separately.

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