Employee's Tax and Provisional Tax Flashcards
1
Q
What type of tax is employee’s tax?
A
Withholding tax
2
Q
When is trade considered employment?
A
When work operations are supervised/controlled by the person paying for the services and are performed primarily at that person’s premises
3
Q
When is trade always independent?
A
When a person employs 3 or more unconnected fulltime employees
4
Q
What is ETI?
A
Employment Tax Incentive is incentive to encourage employment of 18-29 year olds
5
Q
What is ETI?
A
Employment Tax Incentive is incentive to encourage employment of 18-29 year olds
6
Q
When is IRP5 used?
A
When employee’s tax has been withheld
7
Q
When is IT3(a) used?
A
When employee’s tax has not been withheld
8
Q
What is the IRP6?
A
Provisional tax return
