TaxTim says: 27 November 2014 at 10:08 Effectively from a tax perspective as long as the IRP5 reflects the correct overall income earned for the year and this is declared to SARS then there should not be a problem. If money was paid to the employee and they were taxed and they then had to pay it back, there is provision for this under the deductions section of the return for them to decrease their taxable income. |
Beverley says: 30 November 2014 at 8:29 Thank you for your help Tax Tim - this was extremely helpful and I have shared it with my team! Enjour your week and thank you again dor your help Beverley |
TaxTim says: 30 November 2014 at 20:50 Only a pleasure! |