Definition of Total Labour Cost

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Total Labour Cost

Means the total amount of remuneration paid by any Entity to its employees determined using section 3(4) of the Skills Development Levies Act of 1999 and the forth Schedule of the Income Tax Act of 1962;

BizAdvance Consulting comments and references:

Relates to the Skills Development element of the scorecard, Statement 300, page 49. Refer to Annexe 300A - page 56

Other that in the definition section, no further reference is made to the term Total Labour Cost. 

Total labour cost is referred to as the Leviable Amount, the amount against which Skills Development contributions are measured.

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