Is year-end bonus or AWS taxable in the year it is earned or when it is paid? - Seedly
 

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Asked by Anonymous

Asked 3w ago

Is year-end bonus or AWS taxable in the year it is earned or when it is paid?

If AWS and Bonus are given out in Jan 2020, does it add to Taxable income in 2020 or 2019?

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Hi anon,

If your AWS/bonus is considered as part of December 2019 pay, but it is paid to you in Jan 2020, it will still be considered as part of income for 2019.

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If it appears in December payslip with regular December pay then would be taxable with other income in 2019

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Royalchem
Royalchem
Level 5. Genius
Answered 3w ago

Yes. All allowance and bonus are taxable. For the year of assessment, it depends on the AWS and bonus were for which year and not when it was given.

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