BEE QSE Skills Development Scorecard continued
November 16th, 2008 — dodoThis represents the amount of remuneration after deducting the following:
- current and arrear contributions, within specified limits, to approved pension and/or retirement annuity funds that the employer is entitled or required to deduct from the employee’s remuneration
- at the option of the employer, current and arrears retirement annuity fund contributions, within specified limits, which the employee has paid directly to the fund, provided the employee furnishes the employer with proof of payment; such proof of payment must be obtained annually by the employer from the employee (or when the employee terminates employment, if earlier) and retained for inspection purposes
Medical aid scheme contributions in the case of persons aged 65 or older.
The leviable amount is the amount of net remuneration less the following amounts:
Amounts payable to labour brokers who are in possession of a valid exemption certificate
Amounts payable by way of any pension, superannuating allowance or retiring allowance
Annuities
- Lump sum payments from an employer (gratuities)
- Lump sumpayments from a fund
- amounts paid to a learner in terms of the Skills Development Act.
As mentioned, these aspects are technical and have hopefully already been taken care of by the entity’s accounting department.
How the skills levy is calculated by SARS
The table on the following can be used to calculate the leviable amount. Ignore the actual levy calculation for BEE purposes.
| Action and status | Authority | |
| Total remuneration in the enterprise | Par. 1 of Schedule IV’s definition“remuneration” of | |
Less Exclusions:
Terms of: — Aged Persons Act — Blind Persons Act — Disability Grant Act — Children’s Act
Order of divorce or decree of judicial agreement of separation |
Par. 1 of Schedule IV’s definition of | |
| 3. | Less Further exclusions:
Are in possession of a valid exemption certificate Amounts payable by way of any pension, Superannuating allowance or retirement allowance * Annuities
(gratuities)
|
Section 3(5) of the Skills Development Levies Act |
| 4. | Less Allowable deductions in respect of:
An employee aged 65 years or older |
Par. 2(4) and par. 1 of Schedule IV’s definition of “net remuneration“; Section
6(1), 11 (k), 1 1 (n) and |
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