Learnerships offer numerous TAX breaks and benefits on the size of your business and BBBEE requirements.
Upskill your staff
Learnership is a great way to upskill your staff and add to their qualification while maximizing your BBBEE spend.
Contribute to growth
This form of training hugely contributes to the South African economy by upskilling citizens through bursaries.
Learnership tax rebates and benefits to companies
In addition to claiming learnership grants from your SETA, you can also claim a tax incentive when you register for a learnership agreement with your SETA.
The learnership tax incentive was introduced to:
- Encourage skills development
- Job creation
- Providing an additional tax deduction for formal SETA-registered training programmes
Types of Allowances
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 completes the learnership.
- The completion allowance is granted once-off in addition to the annual allowance and is deductible in the year of assessment in which the learner completes the learnership, provided that sufficient proof of completion is supplied to SARS.