Why “bona fide” employee bursaries still beat a cash raise
Section 10(1)(q) of the Income Tax Act lets employers fund staff education (or their children’s/relatives) without triggering PAYE, while still claiming a normal business deduction. Get the paperwork wrong, though, and the “bursary” becomes a taxable fringe benefit. Similar deductions are claimable under Section 10(1)(qA) for disabled employees. Its worth pointing out that this deduction is not limited to employees but to any person, providing the rules are followed.
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