Waco Training Academy

Learnership Tax Rebates and Benefits for Companies Simplified

In conjunction with obtaining learnership grants from your SETA, you can further leverage a tax incentive by registering a learnership agreement with your SETA.

The learnership tax incentive serves multiple purposes:

Encouraging Skills Development:

  • Promoting the acquisition of new skills.
  • Fostering job creation through enhanced workforce capabilities.

    • Providing Additional Tax Deductions:

  • Offering extra tax deductions for formal SETA-registered training programs.

    • Types of Deductions

    There are two primary types of deductions available:

    Annual Allowance

  • Granted to the employer in any given year when a learner is a party to a registered learnership agreement.

    • Completion Allowance

  • Awarded in the year the learner successfully completes the learnership, as a one-time deduction in addition to the annual allowance.

    • Qualification and Allowances

    New Legislation
    Previous Legislation
    Person without disability
    NQF 1-6: R40,000
    NQF 1-6: R30,000
    NQF 7-10: R20,000
    NQF 7-10: R30,000
    Person with disability
    NQF 1-6: R60,000
    NQF 1-6: R50,000
    NQF 7-10: R50,000
    NQF 7-10: R50,000

    Completion Allowance Conditions:

  • Granted once, in addition to the annual allowance.
  • Deductible in the year the learner successfully completes the learnership.
  • Requires submission of ample proof of completion to SARS.

    • It is important to note that specific terms and conditions apply.

    For further information, please do not hesitate to contact us.

    We are ready to guide you through the process.

    Navigation

    Courses

    Training

    More Info

    Legal

    Contact

    • +27 11 842 4000
    • info@wacotraining.co.za
    • 181 Barbara Road, Elandsfontein, Gauteng, 1600

    LEVEL 2

    BBBEE COMPANY
    Certificate

    Whistle Blowers

    0800 205 065
    Visit Website
    • © Copyright 2024 Waco Training Academy
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop
      Continue Shopping
      Scroll to Top