Unemployment Insurance Contributions Act, 2002 (Act No. 4 of 2002)Chapter 2 : Duty to Contribute and Recovery of Contributions6. Determination of contribution |
| (1) | Subject to subsection (2), the amount of the contribution payable in terms of section 5 — |
| (a) |
| (i) | by an employee, must be one per cent of the remuneration paid or payable to that employee by his or her employer during any month; or |
| (ii) | by an employer in respect of any one of its employees, must be equal to one per cent of the remuneration paid or payable by that employer to that employee during any month; or |
| (b) | a percentage as the Minister may announce in the national annual budget contemplated in section 27(1) of the Public Finance Management Act, 1999 (Act No. 1 of 1999), with effect from a date mentioned in that announcement. |
[Section 6(1) substituted by section 89(a) of the Taxation Laws Amendment Act, 2016 (Act No. 15 of 2016)]
| (1A) | If the Minister makes an announcement contemplated in subsection (1)(b), that percentage comes into effect on the date determined by the Minister in that announcement and continues to apply for a period of 12 months from that date subject to Parliament passing legislation giving effect to that announcement within that period of 12 months. |
[Section 6(1A) inserted by section 89(b) of the Taxation Laws Amendment Act, 2016 (Act No. 15 of 2016)]
| (2) | Subsection (1) does not apply to so much of the remuneration paid or payable by an employer to an employee during any month as exceeds an amount determined from time to time by the Minister of Finance by notice in the Gazette, after consultation with the Minister of Labour and the Unemployment Insurance Commissioner. |
[General Note: Determined that section 6(1) of the Act shall not apply to so much of the remuneration paid or payable by an employer to an employee during any month, as exceeds R8 099, according to Government Notice No. R 990 dated 19 July 2002.]