South Africa’s new tax laws and National Qualifications Framework deductions 2017

New amendments to the Taxation Laws Amendment Bill, introduced changes on tax deductions available to businesses. 2017 With regard to a person without disability, the value of the deduction is increased from R30,000 to R40,000 for qualifications from NQF (National Qualifications Framework) level 1 to NQF level 6 and decreased from R30,000 to R20,000 for qualifications from NQF level 7 to NQF level 10. With regard to person with disability, the value of the deduction is increased from R500,000 to R600,000 for qualifications from NQF level 1 to NQF level…

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Have you got learnerships and other BEE training programmes in place?

Learnership Tracking All Companies/Organizations that have a wage bill (inclusive directors drawings) in excess of R500 000 per annum, must pay 1% of this wage bill as a training Levy (SDL). In order to get some of this money back, they need to have an qualified SDF – Skills Development Facilitator (either internal or external) to advice/assist them with various processes. Why an Skills Development Facilitator? Have you been getting your grants back from your SETA? Is someone planning , monitoring  and ensuring that your training suits your BBBEE strategy…

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