23 February 2011

Budget Alert

Extension of learnership incentives

Good news for employers is the proposal to extend the current learnership deductions, which were due to expire on 30 September 2011, for another period of five years subject to a review process to be undertaken in 2011.

The reason for the review is cited as Government finding it difficult to assess the effectiveness of the incentive. One hopes that the incentive will not only be extended for another five years, but lead to a significant increase in the deductions available for employers on entering into and successfully completing a learnership agreement. A well structured learnership incentive
scheme would fit in with the job creation theme of the 2011 Budget.

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