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Tax on CCMA settlement

Posted 17 February 2017

Riana said:
17 February 2017 at 13:02

I am about to receive a CCMA settlement and was told by my previously employer that I will be taxed on it, is this right as this will be my first income after 8 months of fighting for it?

TaxTim Alicia TaxTim Alicia said:
17 February 2017 at 15:25

You are unfortunately liable to pay tax on this income as it is still regarded as employment income by SARS.

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