Get Skills Development Levy

Employers have to contribute Skills Development Levy (SDL) for all employees* up to the first $4,500 of each employee's total monthly remuneration** at a levy rate of 0.25%. ... ** Remuneration is any wage, salary, commission, bonus, leave pay, overtime pay, allowance (e.g. housing) and other payments in cash.

If your company promotes training and learning in the workplace and you pay your Skills Development Levy every month, you are entitled to the following benefits: Skills development grants. Substantial tax allowances when you implement Learnerships in your company.

Employers have to contribute Skills Development Levy (SDL) for all employees* up to the first $4,500 of each employee's total monthly remuneration** at a levy rate of 0.25%. ... After you have computed the SDL for each employee, you need to add up the total amount of SDL payable and round down to the nearest dollar.

How do I calculate Skills Development Levy (SDL)? Employers have to contribute Skills Development Levy (SDL) for all employees* up to the first $4,500 of each employee's total monthly remuneration** at a levy rate of 0.25%. This is subject to a minimum of $2, whichever is higher.

Under the Skills Development Levy (SDL) Act, employers are required to pay the levy for every employee they hire. ... The SDL collected is channelled to the Skills Development Fund (SDF), which provides grants to employers who send their employees for training under the National Continuing Education Training system.

The skills development levy (or SDL) is a levy upon employers required to register for SDL (see registration requirement below). It is levied at 1% of remuneration paid to employees during any month (which include directors of a company). The levy is thus also applicable to directors' remuneration.

Who must pay SDL? SDL is due by employers who have been registered. You can register once for all different tax types using the client information system. Top Tip: Where an employer expects that the total salaries will be more than R500 000 over the next 12 months, that employer becomes liable to pay SDL.

their successful submission of an Annual Training Report (ATR) and Workplace Skills Plan (WSP) (submitted to the relevant Seta by 30 June each year), appointment of a sdf and training having been conducted. ... The other 50% is used to fund the Setas & NSF (20%).

The term leviable amount is defined in the Skills Development Levies Act as total amount of remuneration, paid or payable or deemed to be paid or payable by an employer to its employees during any month, as determined in accordance with the provisions of the fourth schedule to the Income Tax Act for purposes of ...