Payroll and HR in South Africa

Local Information

Local Time (LIVE):8:15 AM
Local Currency:$1 = R14.89
Business Language(s):English
Tax Year Dates:1 March to 28 February

 

With the most developed and sophisticated economy in Africa, South Africa offers up a range of commercial opportunities for businesses looking to expand. With a plan in place to achieve an annual economic growth rate of 5% by 2030, and with some of the most progressive human rights in the world, they guarantee economic, social and cultural rights for all.

In addition, South Africa has investor-friendly policies in place and welcomes foreign investment with open arms.

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Details correct at time of publication. You should not rely on these details without first seeking professional international advice.

Employer Must-Dos

In South Africa, the following reports must be submitted to strict deadlines

  • Monthly returns must be submitted at SARS and the Dept of Labour

Payroll in South Africa

What tax considerations are there?

In South Africa there is a residency-based taxation system, meaning permanent or temporary tax residents have to pay tax on their global income. Employees are required to pay social security contributions and income tax, which is calculated depending on a number of factors, and there is also corporate tax and taxes on assets and wealth to consider.

Provisional tax also exists in South Africa and requires taxpayers to pay at least two advance amounts of tax throughout the year of assessment based on estimates. All companies are liable to pay this as well as those who receive income other than a salary.

HR in South Africa

What are the regular working hours in South Africa?

The usual working hours in South Africa are Mon-Fri 9am to 5pm and employees must not work more than 12 hours a day. Overtime is available up to 10 extra hours a week, paid at time and a half, and double time for Sundays where employees do not usually work this day.

Termination

In South Africa, grounds for termination can include misconduct, ill health incapacity, poor performance incapacity or operational requirements of the employer – for instance redundancy. The termination of employment must be proven to be fair according to the LRA (Labour Relations Act).

Get more Information on International Payroll

For more information on international payroll and the key considerations that come along with it, download our free guide to international payroll today.

Download Our Guide

FMP’s South African Payroll and HR Solutions

No matter if you’re looking for payroll and HR support in Cape Town, Johannesburg or Durban, our specialist teams are here to help. FMP Global have a wealth of experience when it comes to dealing with all kinds of international payroll and HR. Our core focus is making sure your business remains compliant with relevant South African legislation. Our services include but are not limited to:

  • Employment Contracts
  • Payroll Processing
  • Handling of payments (salaries)
  • Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
  • Relations with social bodies
  • Regulatory Compliance
  • Tax and Labor Law Consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Stay Compliant - Payroll and HR Services in South Africa

FMP Global are here to help with HR and payroll every step of the way through your international expansion. Speak to one of our team today and see how we can help keep your business compliant.

Start your International Expansion Today