How To Register A Small Business For Uif South Africa

A step by step guide to registering your small business.

How to register a small business for uif south africa. 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. 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. 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. Also ignore the part asking for a signature. Uif which stands for unemployment insurance fund.

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. Employers who do not have a reference number yet can leave this part open. Employers must complete the forms for both themselves and their workers. The uif will create a reference number and send it to you. The south african government has been encouraging its citizens to create their own businesses in an effort to address the country s high.

Should i register my new small business for tax. 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. But now you can add another important one to your list. To apply for uif benefits during the covid 19 disaster period please visit the department of employment and labour s uif online portal. 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.

Unemployment insurance fund uif please note. South africa is in desperate need for citizens to create small businesses to help combat the countries high unemployment rates. In a statement on. The form for the registration of workers asks for an employer reference number. For every new business established you are required to register with your local sars office to obtain an income tax reference number.

The monthly contribution for uif is two percent of your worker s gross salary per month. 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. What is the uif. In most cases an sme can be either a sole proprietorship or a partnership.