123 Consulting

FAIR BURSARIES: THE KEY TO TAX EXEMPTION

Over the past several years, many employers and employees have made use of the beneficial tax treatment of bursary and scholarship schemes, as provided for in the Income Tax Act. The Act contains provisions that provide an exemption in respect of bona fide bursaries or scholarships granted by employers to employees or relatives of qualifying […]

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 […]

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X