Speakers: Rene Chabana, SARS Legal & Policy Division: Interpretation
Few companies really take full advantage of the tax incentives made available by SARS.
Most organisations struggle for two reasons:
- They do not practically understand how to claim the tax break
- The people in finance are not fully aware of the work done by their colleagues in training.
Rene Chabana, the SARS expert who actually wrote the interpretation notes, provided step by step advice on how to claim the tax incentive. The good news is that the rules have actually become simpler. It is still important that companies keep the right records, they need especially need to be in the possession of a certificate from their respective SETA to prove that the learnership agreements have been registered as well as a completion certificate at the end of the programme. The delegates who attended received supporting material such as a spreadsheet for calculating the amount to be claimed and a checklist to ensure that all the needed information was being captured from the start of the project. If you were not able to attend you find here the following attachements.
a) Interpretation note that the regulations related to the learnership tax break
b) The presentation made by Rene Chabana on the day of the event