A company has bursaries for its employees that is administered by a 3rd party. The company has had employee's having to pay SARS for the 2020 year of assessment as a result of how the company reflects the taxable bursaries on the IRP5's. When we queried t
Author: The Payroll Authors Group of South Africa
Important:
This answer is based on tax law year ending 28 February 2021.
Answer:
You are correct in saying that the bursary is a salary sacrificed which is not allowed.