Presentation is loading. Please wait.

Presentation is loading. Please wait.

BUDGET & TAX UPDATE 2006 March to April 2006. SDL STRUCTURE 20% NSF 70% Employer Grants 10% Admin Fasset 2005/06: 1 April - 31 March2006/07: 1 April -

Similar presentations


Presentation on theme: "BUDGET & TAX UPDATE 2006 March to April 2006. SDL STRUCTURE 20% NSF 70% Employer Grants 10% Admin Fasset 2005/06: 1 April - 31 March2006/07: 1 April -"— Presentation transcript:

1 BUDGET & TAX UPDATE 2006 March to April 2006

2 SDL STRUCTURE 20% NSF 70% Employer Grants 10% Admin Fasset 2005/06: 1 April - 31 March2006/07: 1 April - 31 March 100% SDL Paid to SARS = 1% Payroll for Employers 500K+ WSP 50% - 30 September 2005 SCG 20% - 31 March 2006 No ATR in this year No extensions on mandatory - new employers only, extensions on discretionary only PDI R (x 5 learners max on sliding scale) - 31 March 2006 WSP 2006/07 & ATR 2005/06 50% - 30 June 2006 SCG: 20 % – 31 March 2007 No extensions on mandatory - new employers only, extensions on discretionary only LCG – see slide below

3 EXEMPT & SDL PAYING BENEFITS EXEMPTSDL ATR & WSP No SDL SCG No SDL CPE Learners CPE Technical CPE Legislative ABET Learnership Grants Social Project Beneficiaries SDF Training

4 PROJECT STATISTICS Total Rand AllocationR Total Rand Spend to DateR Number of Projects Funded Since 04/ Number of Participants Number of Completed Participants6 921 Race (completed): African6 596 Indian78 White10 Coloured237 Gender (completed): Male1 968 Female2 328 Disabled (completed):112

5 SDF UPDATE  FSA intervention begins: Calls 01 March 2006 Visits 01 April 2006  SDF 1 day training: Introductory Course for SDFs 19 July 2006  Employers who are now SDL exempt to register with Fasset as Non-SDL Payer – forms available on www from mid-March 2006.

6 LEARNERSHIP GRANT 2006/07 Previously Disadvantaged Individuals (PDI) Black (African, Coloured, Indian) and/or Disabled Must be registered with Fasset Must commence the learnership in period 1 April March 2007 Levy Payer & Non-Levy Payer (different forms) Not only Fasset learnerships. See website for list Duration and amount of grant has changed 1 year learnership – R year learnership – R year learnership – R Note: Incomplete learnership agreements will be returned immediately

7 UPCOMING EVENTS SDF CPEMay 2006Toxic Management and Leadership CPE LearnerMay to July 2006Survival Skills for the World of Work CPE LegalAugust to September 2006Labour Law CPE TechnicalMarch to April 2007Budget & Tax Update 2007

8 BUDGET UPDATE SKILLS DEVELOPMENT 2006 Type of LearnerAmount ChangeDisabled 18.1 Previously Employed CommenceR to R % Annual Salary to R Max 18.2 Previously Unemployed CommenceR to R % Annual Salary to R Max 18.1 & 18.2CompleteR to R % Annual Salary to R Max Scholarships and Bursaries Tax exemptTuition and related expenses Learner contract obligation to payback

9 THANK YOU Call Centre: Website: Any Questions ?


Download ppt "BUDGET & TAX UPDATE 2006 March to April 2006. SDL STRUCTURE 20% NSF 70% Employer Grants 10% Admin Fasset 2005/06: 1 April - 31 March2006/07: 1 April -"

Similar presentations


Ads by Google