n Tax Breaks Newsletter - SARS eliminates tax penalty on retention bonuses : employees' tax
|Article Title||SARS eliminates tax penalty on retention bonuses : employees' tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Author||Edward Nathan Sonnenbergs|
|Publication Date||Apr 2009|
|Pages||5 - 6|
Did you receive a retention bonus to which you are no longer entitled as you are considering leaving your company, and are worried about the tax originally paid on that bonus? Worry no longer, for a recent amendment to the Income Tax Act No 58 of 1962 has removed the tax burden thereon.
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