Zimbabwe: Bonus-tax free threshold revision

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• How do I setup the Automatic Bonus / Tax Spread component?

  This feature is available on all PaySpace editions An employee may choose to spread the tax on a guaranteed bonus over the tax year using the Automatic Bonus/Tax Spread component . This should ideally be processed in March and will result in the ...

• What will happen to the tax paid on the bonus provision if the Automatic Bonus / Tax Spread component is cancelled prior to the bonus pay-out?

  This applies to all PaySpace editions. If the Automatic Bonus / Tax Spread component is cancelled before the end of the provision period and the bonus has not yet been paid, the tax already paid on the provision will be refunded and no bonus pay-out ...

• How do I remove the Automatic Bonus / Tax Spread component from an employee's Payslip?

  This feature is available on all PaySpace editions An employee may choose to spread the tax on a guaranteed bonus over the tax year using the Automatic Bonus/Tax Spread component . This should ideally be processed in March and will result in the ...

• Zimbabwe Product User Guide

  To aid our users in the understanding and application of compliance in Zimbabwe, PaySpace has released an external Product User Guide. This is a "how to guide" to follow during country implementation, maintenance and support.

• Kenya | How do I configure the system so that an employee's bonus is included in their regular earnings tax calculation?

  To make sure an employee's bonus is included in their regular earnings tax calculation, use the Bonus (Regular Earning taxation) component. Step 1: Create the component on company level. Navigate > Configuration > Payroll > Payroll Config > Payroll ...