Blog Q&A Calculators Students Logbook Contact
CLOSE
Want to maximise your 2017 tax refund?

TaxTim will help you fill in your tax return step-by-step.
Be done with tax in 20 minutes or less!

Try TaxTim now

What is cost to company tax and how does it work

Posted 18 November 2015 under Tax Q&A
Frieda says:
17 November 2015 at 11:03

What is Cost to Company and how does it work?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
18 November 2015 at 9:46

Cost To Company is a remuneration structure - the way the salary structures are setup. Cost to Company basically starts with the annual package to be given to an employee and then calculates the basic salary after including various allowances, bonus, pension and medical deduction.

The tax is calculated as usual on the basic salary and all taxable allowances.

Total Cost to Company is a remuneration structure to be introduced in to the payroll system.


Get Inland Revenue Tax Dates and Deadlines in your Inbox
 

We'll tell you when tax season is open and when it closes. Nothing more.

Let TaxTim
help you
submit your
Tax returns!



TaxTim will help you:
  • Do Your Tax Return Easily
  • Avoid penalties
  • Save money
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Get started