SOURCE CODE DESCRIPTIONS IRP5 code 7007

Employees’ Employment Tax Incentives and Reason codes

In the electronic file IRP5 code 7007 is used for: ETI Hours. TThe actual number of hours for which the employee was employed and paid remuneration in the specified Month (code 7006). Note: Only report to a maximum of 160 hours

The abbreviations used within the description of the relevant codes mean:
• PAYE: Income is subject to the deduction of Employees’ Tax and will also be taxed when the income tax assessment for the employee is processed.
• IT: Income is not subject to the deduction of Employees’ Tax but will also be taxed when the income tax assessment for the employee is processed.
• Excl: Income is not subject to the deduction of Employees’ Tax and will also not be taxed when the Income Tax assessment for the employee is processed.
• Excl/PAYE: Depending on the circumstances described in the legislation, the income is either subject to both PAYE and Income Tax, or it is excluded from both PAYE and Income Tax

The prescribed Length of IRP5 code 7007 in the electronic file is: N3.4