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Taxation of lump sum amount from profit share of company

Posted 23 June 2015

Monika says:
20 May 2015 at 21:39

How will I get taxed if I receive a percentage of the net profit from the company I work for every few months as a lump sum, which is additional to my base salary?

TaxTim TaxTim says:
21 May 2015 at 11:40

This will be added to your income and you will be taxed as per the normal tax tables which you can make use of our SARS income tax calculator to see what you should be paying.

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