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1. PURPOSE. To establish a legal contract between the college and individuals who provide a service to the college and to determine whether an individual is an independent contractor or an employee based on Internal Revenue Service criteria.
Employees in South Africa are entitled to certain minimum employment benefits, while independent contractors are not. Subject to some exclusions, all employees are entitled to a number of statutory minimum entitlements and basic conditions of employment.
HERE ARE THE BEST WAYS TO PAY INTERNATIONAL CONTRACTORS:Bill.com.Wire from your bank.Gusto or Rippling.Deel or Remote.Paypal, Transferwise or other payment apps.Bitcoin - with some caveats.
The main pieces of employment legislation, chief among which are the Labour Relations Act 66 of 1995 (LRA) the Basic Conditions of Employment Act 75 of 1997 (BCEA) and the Employment Equity Act 55 of 1998 (EEA), apply to employees and not independent contractors.
5 method for foreign independent contractor paymentsInternational bank transfer (SWIFT) A global money transfer network, SWIFT, is used to connect financial institutions worldwide.International money order.Digital wallets.Cryptocurrency.Money transfer services.
HERE ARE THE BEST WAYS TO PAY INTERNATIONAL CONTRACTORS:Bill.com.Wire from your bank.Gusto or Rippling.Deel or Remote.Paypal, Transferwise or other payment apps.Bitcoin - with some caveats.
The Labour Relations Act applies to all employers, workers, trade unions and employers' organisations.
The best way to send money to overseas independent contractors is still PayPal. The payment receiver fees are 2.9% + $0.30 in the US and 3.9% + exchange fee for payments made internationally. Some companies prefer PayPal because it allows payment through a corporate credit card.
Often Independent Contractors are completely unaware that they are not Employees as defined in South African labour legislation and therefore unprotected by labour legislation.
The other contract (Independent contractor) is a Contract for Service, and is usually a contract where the contractor undertakes to perform a specific service or task, and upon completion of the agreed service or task, or upon production of the result agreed upon, the contractor will be paid.