Is it a normal bonus or based on something like a commission earned?
Ingridsays: 14 October 2015 at 11:51
It is a normal bonus (normal salary x 2) eg if I earn R12000.00 per month, the basic will be R24000.00 for the December salary payouts
TaxTimsays: 15 October 2015 at 18:37
Then you will be taxed either using the SARS tax rates for R24 000 or if your employer uses the balance of remuneration method they will work out how much tax is due with the bonus and without it and then the tax would be the difference.
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.