Guide for Employers in respect of Skills Development Levy
This Skills Development Levies Act (No 9 of 1999) regulates a compulsory levy scheme to fund education and training in businesses within various sectors in South Africa. It aims to expand the knowledge and competencies of the labour force and in so doing increase the supply of skilled labour in South Africa, providing for greater productivity and employability.
If the company has staff registered for PAYE and the annual payroll exceeds R500 000 per annum, the company must register with SARS and pay a skills levy of 1% of the monthly payroll. If the company does not fall within these criteria, it does not have to pay levies or register with SARS.
SARS has published a revised Skills Development Levy guide for employers with an annexure of updated SETA Codes and contact details.
Please click here for more information.