Learnership Tax Rebates and the benefit to companies explained in simple, easy to understand language.
In addition to claiming learnership grants from your SETA, you can also claim a tax incentive when you register a learnership agreement with your SETA.
Learnership tax incentive was introduced to:
- Encourage skills development
- Job creation
- Providing an additional tax deduction for formal SETA registered training programmes
Types of deduction
Two types of deductions are available, namely:
- Annual allowance: to which the employer is entitled in any year of assessment in which a learner is a party to a registered learnership agreement.
- Completion allowance: during any year of assessment in which the learner successfully completes the learnership.
|Person without disability||NQF 1 – 6||R 40 000||R 30 000|
|NQF 7 – 10||R 20 000||R 30 000|
|Person with disability||NQF 1 – 6||R 60 000||R 50 000|
|NQF 7 – 10||R 50 000||R 50 000|
Terms and conditions do apply. Contact us for further information.