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TaxTim says: 1 April 2022 at 12:14 PAYE reference number is for an Employer who deducts and pays PAYE (i.e. employee's tax) to SARS on behalf of employees. The PAYE reference number is what the employer/ company has as his code, it starts with a 7 and is 10 digits in length. PAY or Employees’ Tax refers to the type of tax required to be deducted or withheld by the employer/ company from an employee’s salary or wages. The process of deducting or withholding tax from your salary or wages, as it is earned by an employee is normally referred to as PAYE. These amounts deducted or withheld must be paid by the employer to SARS on a monthly basis. Your income tax reference number is a unique 10-digit number issued by SARS to a taxpayer on registration. If you earn a taxable income that is above the tax threshold you must register as a taxpayer with SARS and submit your annual tax returns. If you are registered, you can find your tax number on your: Notice of registration from SARS or any correspondence issued by SARS. |
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