It is also important to understand how any changes will impact your business’s bottom-line and your employees’ pockets. For example, if the tax rate rises, you should warn employees that their take-home pay will decrease.
In some cases, the tax exempt portion of a benefit should also be declared and your payroll should provide for it.
The IRP3(a) form can be found on the SARS website or it can be completed on eFiling. The employer should indicate the amount which will be paid as a lump sum but the amount should exclude leave pay or notice pay.
To learn more about PAYE, UIF and SDL simply download the Sage Payroll Tax Pocket Guide 2016/17.