Each year the Ministry of Finance announces in the annual budget the tax-free element of an annual bonus. The current Bonus tax free amount was announced as US$700 for USD payrolls and the equivalent in ZWG for Zimbabwe Gold payrolls at the day of processing
For further information see these links to:
- Set up the Bonus tax-free parameter see the heading 'Tax Free Bonus' under this link.
- Set up the Bonus Transaction Code see the heading 'Earnings - Bonus' under: Earnings
- Process the Annual Bonus amount using one of the input methods.
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