While many companies pay the Skills Development Levy (SDL) that amounts to 1% of total payroll each month, not all companies are taking advantage of the incentives that allow as much as 70% of the paid levies to be claimed back by meeting certain requirements and submitting the required annual reports by the 30 April deadline. 
Not claiming back the levies paid results not only in forfeiting of the monies recoverable but also in missing out on other benefits. In this article, we look at w…