Salary Tax
Salary tax is
the tax calculated on the income of corporate employees in accordance with the
General Income Tax Act No. 91 of 2005 and its amendments .
They are
calculated in proportions determined by law in slides , are calculated on the
worker’s net income after exemptions are excluded , and are deducted by the
company from the employee and supplied to the IRS .
There are many salary tax forms that must be presented periodically on the tax ,
wage and salary system , according to Act No. 91 of 2005 and Act No. 206 of
2020 and other regulations and instructions issued by the IRS , which are in
Form 6.5, 3.4, 2
The payroll
tax is paid through the payment form , which is a statement of reimbursement of
the amounts withheld under the calculation of the payroll tax paid by the
employer responsible for deducting the tax and supplying it to the IRS .
Employers and those committed to paying the salaries and the above in its
judgement are obliged to prepare this model monthly within the first 15 days of
the following month .
At JBA
& Partners , we have highly competent and experienced tax experts to deal
with all aspects of the salary tax .
What We Are Expert At
Advisory Service Areas
Restructuring & Turnaround
Advise on every aspect of the process, from strategic direction to liquidity management to business plan development
Market Research & Feasibility Study
Market surveys with potential customers of the intended product or service as part of the market demand assessment and analysis
Business Diagnosis
Diagnosis process of working backwards to identify reasons for unsatisfactory performance by making the appropriate links between causes and effects in a business
Enterprises Strategy Design
Strategising a course of action by a management to achieve the long-term goals of an entity
Policies and Procedures (P&P)
Policies and procedures can be a tool in designing the mechanism of exchange information between departments