What is a Mandatory Grant and how do I access it? The Mandatory Grant facilitates a reimbursement of training expenses incurred (both internal and external) by a compliant employer of up to 20% of their Skills Development Levy contribution, subject to: The employer being up to date with the payments of Skills Development Levies due [...]
Introduction Since 2002 Eskilz has offered financial aids to both individuals and corporate in the form of Personal Finance, DTI finding and SETA Funding. Unfortunately, We have continuously had a challenge of clients not understanding or miscommunication between DTI Funding and SETA Funding. So without further ado let's break it down. DTI Funding If you [...]
In terms of the Skills Development Act, businesses with a payroll in excess of R500 000 per annum must pay a statutory tax in the form of a skills development levy (SDL). This tax must be paid regardless of whether the business trains its employees or not. The SDL amount is calculated as 1% of [...]