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PAYE Deduction?

Posted 22 September 2015 under Tax Q&A


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Betsie says:
17 September 2015 at 9:48

As a salaried employee, I have been paying my own Retirement Annuity Fund, now the Company reimburses me, backdating it for 24 months, would there be any PAYE deductions on this?

thank you so much

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
20 September 2015 at 16:11

They would have to deduct the PAYE on the amount as effectively you have "'earned"' the money and need to pay tax on this. Have you been deducting this RA each year?

Betsie says:
21 September 2015 at 11:31

Thank you kindly, your answer to my question was very Helpful.

TaxTim TaxTim says:
22 September 2015 at 7:12

Glad we could assist!


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