Author Topic: SKILLS DEVELOPMENT LEVIES ACT  (Read 588 times)

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SKILLS DEVELOPMENT LEVIES ACT
« on: May 23, 2016, 11:52:47 AM »
SKILLS DEVELOPMENT LEVIES ACT

-SKILLS DEVELOPMENT LEVIES ACT 9 OF 1999
-Skills Development Levies Amendment Act 24 of 2010

SARS GUIDE FOR EMPLOYERS IN RESPECT OF SKILLS DEVELOPMENT LEVY
http://trainyoucanforum.co.za/wp-content/uploads/2015/07/i0l1a-SDL-GEN-01-G01-Guide-for-Employers-in-respect-of-Skills-Development-Levy-External-Guide.pdf

The purpose of the Skills Development Levies Act

This Act 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.

The criteria currently used for employers to become eligible to pay Skills Levies

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.

How is the amount determined?

Leviable amount

The leviable amount, i.e. the ‘tax base’ on which the levy is calculated, is the balance of remuneration paid or payable to an employee, as determined for purposes of the Employees’ tax deduction, i.e. remuneration after deduction of allowable deductions. The levy remains payable in respect of remuneration amounts that fall below the tax threshold.

In line with the overall government objectives set out above, the purposes of the Act are as follows (Sec. 2(1)):

-to develop the skills of the South African workforce - to improve the quality of life of workers, their prospects of work and labour mobility; to improve productivity in the workplace and the competitiveness of employers; to promote self-employment; and to improve the delivery of social services;
-to increase the levels of investment in education and training in the labour market and to increase the return on that investment;
-to encourage employers - to use the workplace as an active learning environment; to provide employees with the opportunities to acquire new skills; to provide opportunities for new entrants to the labour market to gain work experience; to employ persons who find it difficult to be employed;
-to encourage workers to participate in learning programmes;
-to improve the employment prospects of persons previously disadvantaged by unfair discrimination and to redress those disadvantages through training and education;
-to ensure the quality of learning in and for the workplace;
-to assist - work-seekers to find work; retrenched workers to re-enter the labour market; employers to find qualified employees;
-to provide and regulate employment services.
The Republic of South Africa defines skills development as the following:

To provide an institutional framework to devise and implement national, sector and workplace strategies to develop and improve the skills of the South African work force; to integrate those strategies within the National Qualifications Framework contemplated in the South African Qualifications Authority Act, 1995; to provide for: learnerships that lead to recognised occupational qualifications; to provide financing of skills development by means of a levy-grant scheme and a National Skills Fund; to provide for and regulate employment services; and to provide for matters connected therewith.


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