KPMG is one of the “Big Four” auditors; a professional service firm focusing on financial auditing, tax, and advisory.
KPMG’s South African subsidiary recently launched a Learnership Incentive Tax Tooll (LITT), which provides additional tax deductions for registered learnerships.
By doing this, the firm hopes to encourage greater employment by reducing the cost of hiring new employees, as well as boosting the country’s skills development. LITT provides an easy and automated processing facility to generate the tax return form for users, whereby firms can claim between R20,000 and R60,000 per learner and more again when the learnership is completed.
