Income tax is tax which is payable on your taxable income, examples include, remuneration, profit/losses on business or trade, investment income, profit/losses on rental property etc.

The Unemployment Insurance Fund (UIF) gives short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption, parental leave or illness.

You are required to by law to register with the Unemployment Insurance Fund if you employed a person who works more than 24 hours per month.

SDL is a levy imposed to encourage learning and development in South Africa and is determined by an employer's salary bill. The funds are to be used to develop and improve skills of employees.

Where the total Gross salaries exceed R 500 000 over a 12 month period.

Employee Tax Incentive is an incentive aimed at encouraging employers to hire young work seekers. It will reduce the employer's cost of hiring young people by reducing the amount of Pay as You Earn paid over to SARS. You can only claim ETI if the business is tax compliant.

If an employee is injured, contracts a disease or die while working, the employee or employee's dependent can claim from the Compensation fund.

If a Business employs one or more employees you are required by Law to register with the Compensation Fund. The aim of the COID Act is to provide for compensation in the case of disablement caused by occupational injuries and diseases, sustained or contracted by employees in the course of their employment, or death resulting from such injuries and diseases; and to provide for matters connected therewith. According to prescription, anyone who employs one or more part- or full time workers must register with the Compensation Fund and pay annual assessment fees. The Compensation Fund is a trust fund that is controlled by the Compensation Commissioner and employer contributions to the Compensation Fund. The Commissioner is appointed to administer the Fund and approve claims lodge by employees or their dependents. This means that the Fund will compensate the employee or their dependents and not the employer.

VAT is the abbreviation for Value Added Tax. VAT is an indirect tax on the consumption on goods and services levied at 15%.

It is compulsory for a business to register for VAT if the value of taxable supplies made or to be made, is in excess of R1 million in any consecutive 12 month period. A business may also choose to register voluntarily if the value of taxable supplies made, or to be made is not in excess of R1 million in any consecutive 12 month period. A minimum turnover for a voluntary registration for VAT is R 50 000.

Provisional tax is not a separate tax from income tax. It is a method of paying an income tax liability in advance; to ensure that the taxpayer does not have a large amount of tax due on assessment. Underpayment or non-payment of provisional tax may lead to under estimation penalties.

Any person who receives income (or to whom income accrues) other than remuneration, should pay provisional tax which is due end of August and end of February. Most salary earners are therefore non-provisional taxpayers, if they have no other sources of income.

It's an abbreviation for Pay As You Earn. Employees' tax is tax that employers must deduct from the income of employees. Income includes for example, but not limited to, salaries, wages and bonuses payable.