The Skills Development Act and Skills Development Levies Act, require businesses with an annual payroll of at least R500 000 to register for Skills Development Levies (SDL) and pay a skills development levy each month.
The benefits of Skills Development:
- Claim up to 20% of your Skills Development Levy (SDL) via Mandatory Grants
- Claim up to 40% via Discretionary Grants
- Earn full points on the Skills Development element of your B-BBEE scorecard.
- Have access to additional Discretionary grants for Learnerships/Apprenticeships, Artisans etc.
- Access of up to R40 000 in tax deductions for employed Learnerships.
- Access of up to R60 000 in tax deductions for unemployed Learnerships.
- Investing in your employees can boost employee morale, efficiency and longevity of skilled staff.
Contact our offices on 021 683 4834 for assistance before it’s too late!