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What is source code 4142 on my IRP5?

Posted 31 October 2012

What is code 4142 and how is it applied in taxable income?

TaxTim Marc TaxTim Marc said:
17 September 2012 at 19:40

This relates to the skills development levy contributed by your employer based on your salary. It does not affect your taxable income or amount of tax paid as it is borne by your employer. For the 2012 tax year it does not appear on the ITR12.

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