Tag: tax allowance
Tax credit for individuals for solar panels brought into use
The draft Taxation Laws Amendment Bill, which was issued on 31 July 2023, proposes the introduction of a new rooftop solar energy tax incentive for individuals in an effort to encourage South African households to invest in electricity generation capacity, and by so doing, reduce pressure on the electricity grid.
Skills development – a forgotten concept amid the COVID-19 crisis
As the Workplace Skills Plan (WSP) and Annual Training Reports (ATR) submission deadline draws closer, employers are encouraged to make their skills development submissions as soon as possible because unlike the previous year, there will not be an automatic extension.