Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Inland Revenue Tax Deadlines in your Inbox
 

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

What is cost to company tax and how does it work

Posted 18 November 2015 under Tax Questions

Frieda says:
17 November 2015 at 11:03

What is Cost to Company and how does it work?

This entry was posted in Tax Questions and tagged , . Bookmark the permalink.

TaxTimTaxTim 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 Deadlines in your Inbox
 

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