How To Register A Small Business For Uif South Africa

What is the uif.

How to register a small business for uif south africa. Also ignore the part asking for a signature. A step by step guide to registering your small business. In most cases an sme can be either a sole proprietorship or a partnership. How to register a business in south africa. Ufiling is a free online service that allows you to securely submit your uif declarations and pay your monthly contributions.

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. Employers who do not have a reference number yet can leave this part open. 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. The form for the registration of workers asks for an employer reference number. 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.

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. Unemployment insurance fund uif please note. 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. Employers must complete the forms for both themselves and their workers. For every new business established you are required to register with your local sars office to obtain an income tax reference number.

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. Uif which stands for unemployment insurance fund. To apply for uif benefits during the covid 19 disaster period please visit the department of employment and labour s uif online portal. The south african government has been encouraging its citizens to create their own businesses in an effort to address the country s high. 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.

But now you can add another important one to your list. The unemployment insurance fund uif gives short term relief to workers when they become unemployed or are unable to work because of maternity adoption leave or illness. The monthly contribution for uif is two percent of your worker s gross salary per month. In a statement on.