Page 4 - Employees tax

EMPLOYEES TAX

Renumeration

• The timing of variable remuneration, more

specifically, over-time pay, commission, bonuses,

travel allowances and leave pay, works on a

payment basis. Accruals and incurrals will be

disregarded. In other words, employees’ tax must

be withheld upon payment of a variable

remuneration as defined.

• Payments to independent contractors are NOT

remuneration and therefore NOT subject to

employees’ tax.

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