Page 41 - Q&A 2019/2020

So, if you were to appoint a qualifying youth and immediately invest in that
youth by placing him/her on a learnership you could receive a tax incentive
of R92,000 for the first year of employment. You would simultaneously provide
the youth with much needed access to the job market, training and workplace
experience and invest in your own business by growing a young and skilled
worker to add value to your business.
SARS affords multiple incentives for businesses that wish to invest in their human
capital through the appointment of youth and their development through
Commercial It would however be wise to consult with skills specialists to assist you to structure
training initiatives.

your employment and training initiatives correctly in order to take maximum
advantage of the incentives available for businesses.

35