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Bonuses

This topic has 3 replies, 4 voices, and was last updated 10 years ago by Kyaw.

Viewing 4 posts - 1 through 4 (of 4 total)

Author
Posts
November 5, 2014 at 6:49 am #207775
Lilit
Member
- Topics: 1
- Replies: 0
Hi everyone. I am preparing for f6 and I am uncertain when to tax bonuses. Do we tax it when we get entitled or when we actually receive bonus.??? Thank you in advance.
November 5, 2014 at 2:36 pm #207836
Robert
Member
- Topics: 58
- Replies: 175
The earlier of when it is paid or when the tax payer is entitled to it
November 9, 2014 at 9:44 pm #208696
Ahmed
Member
- Topics: 9
- Replies: 160
Bonus is only taxable if the earlier of the date;
1. The Bonus is Paid
2. The Taxpayer is entitled to the Bonus
3. The Bonus is credited to the account
Falls in the current tax year
November 21, 2014 at 8:44 pm #212028
Kyaw
Member
- Topics: 31
- Replies: 37
The earliest of
1)paid date
2)entitled date
3)credited on account date
4) The later of
i) y/e date and
ii)determined date
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