WSP/ATR Submissions due 30 April – What you need to know.
Workplace Skills Plans and Annual Training Reports to be submitted to your relevant SETAs between 1 February to 30 April annually.
What is SDL:
Skills Development Levies (SDL) are a type of tax or financial contribution that employers are typically required to pay in many countries to fund skills development initiatives and programs. These levies are designed to promote workforce development, improve the skills and qualifications of employees, and ultimately enhance the competitiveness of the labour force and economy.
How much SDL does a company pay?
1% of the total monthly salaries (including overtime payments, leave pay, bonuses, commissions, and lump sum payments).
Total Mandatory Grant:
Mandatory Grants consist of 20% of a company’s annual SDL payments to SARS.
The following is a guideline of which documents and information is needed for a successful WSP/ATR submission:
- Signed SDF appointment letter/ Verification form signed by a manager/ director (not all the SETAs accept the same template).
- Updated company and employee profile.
- All proof of training such as invoices and proof of payments, certificates, and internal training attendance registers (this training needs to fall within the SETA’s timeframe for the previous year).
- Stamped letter from the bank (bank letter not older than 3 months).
- Signed training committee meeting minutes signed by 2 employees and 2 managers on the company’s letterhead (only for companies above 50 employees).
- Signed authorisation page/ signed WSP/ATR (different SETAs have different rules with regards to this form which will be used to finalise the submission).
Benefits of submitting a WSP/ATR:
- Qualify to claim back a ‘mandatory grant’ of 20% of your Skills Development Levy (SDL).
- Maximising points earned under the Skills Development priority element for BBEEE.
- Highlighting skills gaps in your organisation or industry.
- Implementing training to minimise these skills gaps in your company and industry.
- Applying for ‘discretionary grant’ funding to address ‘critical and scarce skill shortages’ identified in your industry.
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