On 16 August 2016, the South African Revenue Service issued a guide on the employment tax incentive (ETI). The ETI is a temporary tax incentive for eligible employers aimed at encouraging employment of young employees between the ages of 18 and 29, as well as employees of any age in special economic zones and in any industry identified by the Minister. The benefit of the ETI is a reduction in the required amount of employees’ tax (Pay-As-You-Earn - PAYE) for up to 24 months through a cost-sharing mechanism with the government. The reduction in the PAYE liability is based on...