Value-Added Tax (VAT) is a significant source of revenue for many governments worldwide, and South Africa is no exception. VAT is a consumption tax levied on the value added to goods and services at each stage of production or distribution. VAT is a critical component of the country's tax system, impacting both businesses and consumers.…
The Skills Development Levy (SDL) is a critical component of South Africa's strategy to enhance the skill levels of its workforce and drive economic growth. Introduced as part of the Skills Development Act of 1998 and the Skills Development Levies Act of 1999, the SDL aims to fund skills development and training initiatives across various…
The Unemployment Insurance Fund (UIF) is a crucial component of South Africa’s social security system, designed to provide short-term relief to workers when they become unemployed or are unable to work due to illness, maternity, or adoption leave. Established under the Unemployment Insurance Act of 2001, the UIF aims to cushion the economic impact on…