Training Related Taxes Within The B-Bbee Space

Gain a full understanding of the taxes that fund training in South Africa

What you’ll learn
What legislation is effective in the training environment?
How does the learnership allowance function?
What are the rules relating to ETI
Recent changes to legislation

Requirements
Background in training and / or taxes

Description
The purpose of this course:•Specific sections•Section 12H – Learnerships•Employment Tax incentive•Only 2 things in life are certain:•Death•Taxes•Taxes are complex, and differ for each transaction•Taxes are “fixed” when the transaction takes place and cannot be altered afterwards•Remind the client/you of potential tax implicationsNEVER base a transaction purely on tax•Section 12H – provides a deduction to an employer in addition to any other deductions allowable under the Act for any registered learnership agreement if all the requirements of section 12H are met. •Two types of deductions are available, namely –an 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[section 12H(2) and (2A)];a completion allowance during any year of assessment in which the learner successfully completes the learnership[section 12H(3), (3A), (4) and 4A]•Is registered for Employees’ Tax (PAYE), or must be eligible to register for PAYE (e.g. the employer can’t register just to claim ETI, other registration requirements must be met)•Excludes:•Is not in the national, provincial or local sphere of government•Is not a public entity listed in Schedule 2 or 3 of the Public Finance Management Act•Is not a municipal entity•Is not disqualified by the Minister of Finance due to the displacement of an employee or by not meeting the conditions as may be prescribed by the Minister by regulation.

Overview
Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Purpose of this course

Section 2: Learnership Taxes

Lecture 3 Section 11a

Lecture 4 Section 12H

Lecture 5 Question relating to the relevance of learnership taxes

Lecture 6 Annual Allowance

Lecture 7 Completion Allowance

Lecture 8 References

Section 3: Employment Tax Incentive

Lecture 9 What is ETI

Lecture 10 Who qualifies

Lecture 11 Qualifying Employees

Lecture 12 ETI legislative changes

Lecture 13 References

Section 4: Conclusions

Lecture 14 Conclusion

People interested in training and the funding of that