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Does extra money given to me by my boss need to be taxed?

Posted 10 February 2014 under Tax Questions

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I earn about R 5300, sometimes R 5400 and do pay PAYE tax. My boss gave me R 2500 extra in December as a thank you. Does that need to be taxed?

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim says:
10 February 2014 at 21:29

Yes your R2 500 will be taxed as it pushes you over the tax threshold just. However based on your earnings you should not be paying tax as you are below the tax threshold of R67 111 per annum.


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