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Reconcile your Employment Tax Incentive (ETI) values

Created on  | Last modified on 

Summary

Your payroll includes multiple reports to reconcile your Employment Tax Incentive (ETI) calculated values on Sage VIP Classic and Sage VIP Premier.

Description

Qualifying employers can claim the Employment Tax Incentive (ETI) when declaring the monthly EMP201 to the South African Revenue Services (SARS). 

The payroll application calculates ETI values using the following factors:

  • Company setup
  • Employee setup
  • Specific qualifying criteria for ETI
  • Payroll values validated on the individual employee records

The payroll application offers multiple reports to extract and reconcile ETI values.

Use the following reports to review and reconcile ETI values for your employees and companies.

Reports and Maintenance reports

NOTE:

These reports provide information of your ETI values for the current period.

History Reports

Audit Reports

Interfaces

Utilities

TIP:

We recommend reconciling your ETI information every month. Add this to form part of your month-end process to your End of Period Checklist.

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