How ebTax works...  

The Income Tax Act 58 of 1962 (the Act) requires that where a member, former member or nominee becomes entitled to a lump-sum or lump-sum benefit, the final tax liability on that benefit must be determined by SARS.

To this effect SARS issues a directive, an IRP3 certificate (commonly referred to as a tax directive) to the fund administrator, insurer or employer (hereafter referred to as “employer(s)”) indicating the tax liability on said lump-sum or lump-sum benefit. Per additional requirements of the Act, these benefits must be included as remuneration on annual tax certificates in a format as prescribed by SARS, for the purpose of determining the final tax liability of a person on assessment.

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Latest News...  
2015/08/13
Newsletter 1 of 2015 Details
2014/03/01
We trust that you are geared to go for the Employer Filing season which starts on 1 April 2014 Details
2013/12/06
We trust that you will appreciate the new ebTax look as much as we do. As always we strive to improve… Details
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Web: www.ebtax.co.za
Tel.: 0861 MARION (627 466)
Fax: 0865 318 318
E-mail: support@ebtax.co.za

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