Programme: The Dti 121 Tax Allowance Incentive
Organisation: Department of Trade and Industry
Type of Support
Programme Description
The programme offers tax incentives targeted at new industrial projects that utilise new and previously unused manufacturing assets as well as expansions or upgrades of existing industrial projects. A point system is used to determine the amount awarded
A training allowance of R36 000 per employee may be deducted from taxable income and up to R20 million additional training allowance may be deducted for qualifying projects as well as R30 million for preferred projects.
Target Market
Manufacturers that are involved in any of the following
Application Conditions
According to the point system, an Industrial Policy project will achieve 'qualifying status' if it achieves at least five of the total 10 points, and a 'preferred status' if it achieves at least eight of the total 10 points.
Applications close in December 2015
Application Process
The application form may be downloaded from the website, completed and emailed to either of the individuals named below.
Success Stories
Contact Details
Contact:
Crystal Papier
Email: CPapier@thedti.gov.za
Telephone: 012 394 1069
Andre Potgieter
Email: Andre@thedti.gov.za
Telephone: 012 394 1427
More information is available on:
http://www.dti.gov.za/trade_investment/export_incentive.jsp?id=45&subthemeid=26
Organisation: Department of Trade and Industry
Type of Support
- Incentives for Capital Investments; and
- Training.
Programme Description
The programme offers tax incentives targeted at new industrial projects that utilise new and previously unused manufacturing assets as well as expansions or upgrades of existing industrial projects. A point system is used to determine the amount awarded
A training allowance of R36 000 per employee may be deducted from taxable income and up to R20 million additional training allowance may be deducted for qualifying projects as well as R30 million for preferred projects.
Target Market
Manufacturers that are involved in any of the following
- Greenfield (new) project,
- Brownfield (expansion or upgrade) project, or
- Activities classified under “Major Division 3: Manufacturing’.
Application Conditions
According to the point system, an Industrial Policy project will achieve 'qualifying status' if it achieves at least five of the total 10 points, and a 'preferred status' if it achieves at least eight of the total 10 points.
Applications close in December 2015
Application Process
The application form may be downloaded from the website, completed and emailed to either of the individuals named below.
Success Stories
- Since the Section 121 Tax Allowance Incentive was announced in 2010 the programme has supported 42 projects with an investment value of R43 billion for the period up to 30 April 2014. These projects are within the priority sectors identified in the Industrial Policy Action Plan (IPAP).
Contact Details
Contact:
Crystal Papier
Email: CPapier@thedti.gov.za
Telephone: 012 394 1069
Andre Potgieter
Email: Andre@thedti.gov.za
Telephone: 012 394 1427
More information is available on:
http://www.dti.gov.za/trade_investment/export_incentive.jsp?id=45&subthemeid=26
|
|
Register to get updates and get long-term access to all programme information. We hope to keep you up to date with regards to new programmes as well as new thought leadership articles.
Our aim is to partner with you in maximising your success through the programmes available to support your business. |