Page 60 - Profmark BSA Guide 2025

■ does not earn more than R7 500 (R6 500 before 1 April 2025) per month
The Minister of Finance designated special economic zones and industries in respect
which an employer will also qualify for the incentive.
From 1 April 2025 the amount of the employment tax incentive in respect of a
qualifying employee is determined as follows:
■ During each month of the first 12 months, 60% of the monthly remuneration of
the employee if the employee’s remuneration is less than R2 500, R1 500 if the
employee’s remuneration is R2 500 or more but less than R5 500 and according to
a formula if the employee’s remuneration is R5 500 or more but less than R7 500
■ During each of the 12 months after the first 12 months that the same employer
employs the qualifying employee, 30% of the monthly remuneration of the
employee if the employee’s remuneration is less than R2 500, R750 if the
employee’s remuneration is R2 500 or more but less than R5 500 and according to
a formula if the employee’s remuneration is R5 500 or more but less than R7 500.
Effective 1 April 2025, the formula to calculate the incentive and the eligible income
bands will be adjusted to maintain the maximum value of the incentive at R1 500 per
month in the first 12 months and R750 per month in the second 12 months.
Learnership Allowances
An annual and completion allowance of R40 000 may be claimed by the taxpayer
for learnerships NQF qualifications from levels 1 to 6, and R20 000 for learnerships
NQF qualifications from levels 7 to 10, and a completion allowance of R20 000. The
deduction claimable for disabled learners is R60 000 or R50 000 for both annual and
completion allowances.
Where a learnership is terminated before a period of 12 full months the employer will
be entitled to a pro rata portion of the annual allowance, regardless of the reason
for the termination of the learnership. The completion allowance for a learnership of
24 months or more will be based on the number of consecutive 12 month periods
completed × the above annual allowance amount.

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