ATC131107: Report of the Select Committee on Finance on the Employment Tax Incentive Bill [B 46 – 2013] (National Assembly – sec 77), dated 06 November 2013

Report of the Select Committee on Finance on the Employment Tax Incentive Bill [B 46 – 2013] (National Assembly – sec 77) , dated 06 November 2013

The Select Committee on Finance, having considered the Employment Tax Incentive Bill [B 46 – 2013] (National Assembly – sec 77), referred to it, and classified by the JTM as a section 77 Bill, reports it has agreed to the Bill.

The Committee further wishes to recommend that:

·         The R6 000 ceiling which government proposes as an incentive might not accommodate the unemployed youth from the Further Education and Training Colleges and therefore requests National Treasury to review this; and

·         The National Treasury should have tracking mechanisms in place when implementing the Bill.

Report to be considered.