Page 14 - Additional Notes on Employees Tax

Example

Ms X, aged 35, has been a director of EFG (Pty) Ltd since 1

January 1998. She received the following amounts from the

company during the year of assessment ended 28 February 2013:

Salary ....................................................... R200 000

Bonus (accrued in February 2013) .............. 70 000

She paid retirement annuity fund contributions of R30 000 and

contributed R20 000 to a medical aid fund (she is the only

member) during the 2013 year of assessment.

Calculate the deemed remuneration of Ms X for the

2014 year of assessment.

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