Tax incentives for Learnerships
Government has announced the gazettal of the tax incentives for training. The deductions are intended to incentivise training and offer major positive benefits to employers.
The good news is that the incentives apply both to the new learnerships as well as to apprenticeship training where formal contracts are entered into and registered with the relevant seta.
The amendment is applicable to any learnership or apprenticeship agreement signed on or after 1 October 2001.