• Economic Incentives

Economic Incentives

Our tax and incentives team can assist your company to obtain and maximise tax and government incentives. Our industry specialists are sought after, obtaining in excess of R 75 Billion in tax and government incentives over twenty-five years.

We have the required technical knowledge of the various incentive programmes, including their rules and the relevant tax legislation and regulations. We pride ourselves on being across all sectors and are leaders in market movements and legislative changes.

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BUSINESS PROCESS SERVICES INCENTIVE

OBJECTIVE OF THE PROGRAMME
  • To attract investment and create employment in South Africa through offshoring activities
  • Creating employment opportunities for the youth
  • Offshoring occurs when business processing services are performed in a foreign country or clients are located outside of South Africa.
BENEFITS
  • • Non-complex job category refers to full-loaded operating costs less than or equal to R 300 000 per annum, and complex jobs greater than R 300 000 per annum
  • “Full-loaded operating costs” includes salaries and benefits, facilities, telecommunication and equipment costs, management costs and overheads
  • A bonus incentive is available to entities that achieve specified offshoring job creation targets
  • The grant is paid over a five-year period as follows:
WHO CAN BENEFIT?
  • Entities that are expanding or starting new Business Process Services operations
    • The entity must, by the end of three years from the start of the operation, have created at least 50 South African new offshoring jobs
    • The project must have at least 80% youth (18-35 years) as part of qualifying jobs.
TIMING
  • Entities must submit an application prior to the engagement of qualifying employees
  • The project must commence with operations and engagement of employees not later than six months from the date of the grant approval
  • Projects must commence from 1 October 2014 to 31 March 2019.

A bonus incentive is available to entities that achieve specified offshoring job creation targets

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