Page 25 - SAIT Compendium 2016 Volume2

Tax holiday INCOME TAX ACT: REGULATIONS ANd NOTICES
..................................................................................... .......................... ..................................................................................... .......................... ..................................................................................... .......................... ..................................................................................... .......................... Gross Operating Surplus
Part B
Total Human Resource Remuneration calculated as the sum of the following items: Wages (including allowances and leave pay)
Salaries
Commissions
Members’ remuneration/Directors’ emoluments
Bonuses (Including wage— and salaried employees and directors/members) ........................... Fringe bene ts (as determined on the IRP5)
Employer’s contributions to pension funds
Employer’s contributions to provident funds
Employer’s contributions to medical aid funds
Employer’s unemployment insurance funds contributions
Workmen’s compensation fund contributions
Bursaries (Specify)
Training expenses
Tax holiday
........................... ........................... ........................... ........................... A
........................... ........................... ........................... ...........................
........................... ........................... ........................... ........................... ........................... ........................... ........................... ...........................
— Literacy training (Specify) .............................................................................. .............................................................................. .............................................................................. ..............................................................................
............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................
............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................
B
— Internal (In-house) training (Specify) .............................................................................. .............................................................................. .............................................................................. .............................................................................. — Extramural training (Specify) .............................................................................. .............................................................................. .............................................................................. .............................................................................. — Levies
— Industrial Training Boards
— Other (Specify) .............................................................................. ..............................................................................
Total Human Resources Remuneration
All the above items refer to costs where the entity is committed to incur the cost (thus a legal/contractual liability exists) and would thus exclude provisions for future cost and other discretionary costs to be incurred.
Signed by the duly authorised representative of the company (Resolution attached).
Reported on in terms of our quali ed*/unquali ed* report dated ........................................ attached.
Auditor: .......................................
TABLE 2
I, ......................................................................................................................... the authorised representative
of ........................................................................................................................................, a company which was
incorporated on ................................................................... Hereby certify that during the nancial year commencing ................................ 19....... and ending on 19.............
(a) the company had the sole object of carrying on the qualifying project and did not carry on any trade other than such qualifying project;
(b) the company carried on the qualifying project for the full period stated above, at the approved location of .................................; and
*Delete where not applicable
SAIT CompendIum oF TAx LegISLATIon VoLume 2 17