Praxima Services Includes
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Full Payroll Outsourcing
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Hybrid Payroll Outsource
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International Payment Management
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Local Filing
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Social Security Filing
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Interact with Local Authorities
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Human Resources Management System
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Integration with all Accounting and Third Party
Software
Benefits of outsourcing to Praxima
Local Tax Compliance
Secure Data Transferring
Responsive Administrators
Increase Productivity
Industry Experts
Running Your Payroll
Focus on Your
Core Business
Tax Residents
An individual will be considered a tax resident if he/she ordinarily resides in the country, is physically present in the country for over 91 days during the current year and the preceding five tax years, and he/she is physically present in the country for more than 915 days in total over the next five years.
Taxable Income
Taxable income comprises gross income plus taxable capital gains, less exempt income and allowable deductions. Gross income includes any and all remuneration in cash or kind. Taxpayers may be entitled to foreign tax credit in the event where foreign taxes were paid for income earned from a foreign source and is also taxable in South Africa.
Exempt Income
Subject to certain conditions being met, income received from disability pensions,unemployment insurance fund income, compensation for occupational injuries and diseases, government grants, alimony, income of certain investment funds and more, will be exempted from income tax.
Your HRMS is Standard
PAYMENTS, REPORTING & FILING
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Direct payment into employee bank accounts. Emailed password protected pay slips.
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Payment of taxes, benefit providers and other creditors.
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Filing of returns to the authorities.
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Generation and filing of statutory reports.
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General ledger and 100's of customisable reports.
