IN 20: Additional deduction for learnership allowance
SARS has released interpretation note 20 (issue 8) pertaining to the additional deduction for learnership agreements.
Interpretation note 20 (issue 8) is intended to provide clarity on the interpretation and application of section 12H which provides deduction for registered learnership agreements. This note deals only with learnership agreements entered into from 1 October 2016.
The current sunset date for the section 12H incentive is 1 April 2022. It is currently being proposed that the learnership tax incentive be extended for a further 2 years to 1 April 2024.
Find IN 20 (issue 8) here.
06/08/2021