Page 33 - Taxation F6 - The South African Tax System
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Bursaries And Scholarships
• Scholarships awarded to anyone applying for them not
confined to employees or relatives of the employees are
exempt.
• Scholarship to employees and relatives of the employees
are also exempt when the following conditions are met:
• Employees to employer=the employee must agree to pay
the employer back if she or he fails to complete his or her
studies unless the failure is due to death or illness.
• Employers to relatives of the employees=if the employees
salary exceed 250 000 the employee will not get an
exemption and if the employees salary is 250 000 or less
two exemptions will apply:1)10 000 if the qualification is for
level from NQF 1 to 4 and 2)30 000 if the qualification is for
a level from 5 – 10.
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