Morning everyone,
Compliments for the new year. Does anyone have a template of the provision for tax on annual bonus request form?
Kind regards,
Mhofela
Good day Mhofela
We do not have a standard request form that can be used.
The employer will need to create this form on their own as per company policy.
I can only provide the explanation of bonus provision
Each Company's needs will be different when it comes to the content of the form, which is why there can never be a standard template. The content will depend greatly on the Company's bonus policy, ie. if it is a guaranteed or discretionary bonus, what % of salary is expected, etc. It is best to design your own form to meet your organisation's specific needs.
*Community Hub is the new name for Sage City