Page 705 - SAIT Compendium 2016 Volume1

monetary thresholds and rebates
Exemption for de minimis employee loans
Paragraph 11 (4) (a) of Seventh Schedule
R3 000
Additional employer deductions for learner- ships
Monetary ceiling of additional deduction for the employer when utilising a learnership agreement with an employee
Section 12H (2) (a)
R30 000
Monetary ceiling of additional deduction for the employer in the case of an employee completing a learnership agreement
Section 12H (3) and (4)
R30 000
Monetary ceiling of additional deduction for the employer involving a learnership agree- ment with an employee with a disability
Section 12H (5)
R20 000
Table XXIV: Depreciation
Table XXV: Miscellaneous
Description
(The contents of this column are solely for convenience and shall be of no force or effect)
Reference to Income Tax Act, 1962
Monetary amount
Low value intellectual property
Paragraph (aa) of proviso to section 11 (gC)
R5 000
Urban Development Zone incentive
Section 13quat (10A)
R5 million
Description
(The contents of this column are solely for convenience and shall be of no force or effect)
Reference to Income Tax Act, 1962
Monetary amount
Low-cost housing
Maximum cost of residential unit where that residential unit is an apartment in a building
Paragraph (a) (i) of de nition of ‘low- cost residential unit’ in section 1
R350 000
Maximum cost of residential unit where that residential unit is a building
Paragraph (b) (i) of de nition of ‘low- cost residential unit’ in section 1
R300 000
Industrial policy projects
Maximum additional investment allow- ance in the case of green eld projects with preferred status
Section 12I (3) (a)
R900 million
Maximum additional investment allowance in the case of other green eld projects
Section 12I (3) (a)
R550 million
Maximum additional investment allow- ance in the case of brown eld projects with preferred status
Section 12I (3) (b)
R550 million
Maximum additional investment allowance in the case of other brown eld projects
Section 12I (3) (b)
R350 million
Maximum additional training allowance (per employee)
Section 12I (5) (c)
R36 000
Maximum additional training allowance in the case of industrial policy projects with preferred status
Section 12I (5) (d) (i)
R30 million
Maximum additional training allowance in the case of other industrial policy projects
Section 12I (5) (d) (ii)
R20 million
Minimum cost of manufacturing assets for green eld projects
Section 12I (7) (a) (i) (aa)
R50 million
SAIT CompendIum oF TAx LegISLATIon VoLume 1 697
RATES AND MONETARY THRESHOLDS