Hiring someone creates more than a salary expense. Businesses need to budget for the full cost of employment and comply with the relevant payroll obligations, not just the number on the offer letter.
Source: SARS and Department of Employment and Labour
Frequently Asked Questions
What is UIF?
The Unemployment Insurance Fund provides certain benefits to qualifying contributors.
What is SDL?
The Skills Development Levy is a levy used to fund skills-development initiatives, subject to the applicable requirements.
Does every employer pay every payroll levy?
No — applicability depends on factors such as payroll size and the nature of the employer.