How To Register A Small Business For Uif South Africa

In most cases an sme can be either a sole proprietorship or a partnership.

How to register a small business for uif south africa. South africa is in desperate need for citizens to create small businesses to help combat the countries high unemployment rates. How to register a business in south africa. Should i register my new small business for tax. Ufiling is a free online service that allows you to securely submit your uif declarations and pay your monthly contributions. Also ignore the part asking for a signature.

Register with uif you are required by law to register with the unemployment insurance fund uif and contribute towards the fund if you have employed people for more than 24 hours per month. The form for the registration of workers asks for an employer reference number. Employers must complete the forms for both themselves and their workers. The uif will create a reference number and send it to you. A step by step guide to registering your small business.

The department of trade and industry dti has launched the pilot phase of a new business website which aims to significantly improve the ease of doing business in south africa. Starting a small business is by no means an easy task and for the average person knowing what legal obligations and paperwork are needed to own a business can seem daunting and somewhat offputting. Uif which stands for unemployment insurance fund. Registration must be done within 60 days after starting operations by completing an it77 form available at your local sars office or from the sars website. Employers who do not have a reference number yet can leave this part open.

In a statement on. Just as you ve registered your employees for tax with sars yes another acronym you also need to register them for uif in south africa with the department of labour. It harnesses the power of the internet allowing employers of domestics commercial employers smme and tax agents to complete and submit monthly uif declarations and to securely pay uif contributions. But now you can add another important one to your list. What is the uif.

Unemployment insurance fund uif please note. The south african government has been encouraging its citizens to create their own businesses in an effort to address the country s high. If one of your plans is registering a business in south africa especially a small business in the form of a small medium enterprise sme or a startup you will not have to register the entity like a company. For every new business established you are required to register with your local sars office to obtain an income tax reference number.