Good Day All,
I hope you can shed some light.
If you are offered and accept a voluntary retrenchment package, what are the tax implications?
Hope to hear from you soon.
Thank you and kind regards,
Igna
Good Day All,
I hope you can shed some light.
If you are offered and accept a voluntary retrenchment package, what are the tax implications?
Hope to hear from you soon.
Thank you and kind regards,
Igna
https://www.sars.gov.za/ClientSegmen...renchment.aspx
In summary, there is a special tax table for your retrenchment package, where the first R500k is tax free, provided you did not own more than 5% of the shareholding in the company.
Francois_za (14-Jan-20)
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