Dates & Rates
The employee’s portion of NHT contribution.
What is 3%?
This form should be issued to an employee at the end of each calendar year.
What is a P24?
The sum of $5,739.00 p.a. that is not subject to tax if the employee falls within the categories specified in Appendix B of Part 1 of the Second Schedule to the Income Tax Act.
What is uniform allowance ?
Employers become eligible to pay this contribution when their total gross emoluments (wage bill) exceeds $14, 444.00
What is HEART contribution?
It’s the filing due date for S02 returns.
What is March 31?
An employer is required to issue a _______to the employee when termination occurs during the year.
What is a P45 ?
The sum of $3.395.00 p.a. that is not subject to tax if the employee falls within the categories specified in Appendix B of Part 1 of the Second Schedule to the Income Tax Act.
What is laundry allowance?
______________is equal to gross emoluments less all allowable deductions and exemptions.
What is statutory income?
The employer’s portion of Education Tax.
What is 3.5%?
This return is to be filed online any time after December 31 (of the calendar/return year) but not later than the 31 March of the following year.
What is a S02 return?
This benefit is determined by taking the following factors into consideration :
What is Taxable motor vehicle benefit ?
Employers are required to keep a record of the emoluments and all deductions made up to ________ years.
What is six years?
It’s the payment due date for S01 obligations.
What is the 14th day of the following month?
As at March 2020 this form was updated to include Schedule A – Employee Emoluments, Deductions, & PAYE Taxes & Contributions.
What is a S01 form ?
Where an employee is required to travel in the performance of his official duties and uses his own vehicle or one at his disposal in doing so; the employer may make an application to the Commissioner General (TAJ) for approval to pay this allowance.
What is tax-free travelling allowance ?
Since the year of assessment 2018, taxpayers now benefit from the full threshold of ______________.
What is $1,500,096?
This is the applicable rate for late payment penalty for PAYE.
What is 50%?
This allowance is not taxable when paid in relation to work done outside of normal working hours.
What is meal allowance?
Two instances in which the full amount of a lump sum payment is tax free are where the payment is made from the _________ _____________ and where the lump sum is paid by an employer to compensate the employee for having suffered permanent physical or mental incapacity in the execution of his duties.
What is the consolidation fund?