Increase on Thresholds for Exemption of Employer Provided Bursaries
Included in the 2016 Draft Taxation Laws Amendment Bill published on 8th July 2016 are changes to the thresholds for exemption of employer provided bursaries. Currently, the Act makes provision for tax exemption for all “bona fide” bursaries or scholarships granted by employers to employees or to relatives of qualifying employees, subject to certain monetary […]