Page 55 - Nexia Cape Town 2018 TG Digital

Lump Sum Codes 4150 02 – Earn Less than the Tax Threshold
3901 Gratuities (taxable) 03 – Independent Contractor
3906 Special Remuneration (taxable) i�e� proto- 04 – Non Taxable Earnings (including nil
teams directive)
3907 Other Lump Sums (taxable) i�e� Backdated 05 – Exempt Foreign Employment Income
salaries extended over previous tax year, 06 – Director’s Remuneration – Income
Lump sum payments by unapproved funds, Determined in the following Tax Year
Gratuity paid to an employee due to normal 07 – Labour Broker with IRP30
termination of service, Employer owned 08 – No Tax to be withheld due to Medical
insurance policy (risk policy) proceeds NOT Scheme Fees Tax Credit allowed
exempt ito the exclusion in section 10(1)(gG) 09 – Par 11A(5) Fourth Schedule notification
(i) of the Income Tax Act) – No withholding possible
3908 Surplus Apportionments and Employer Owned
Policy Proceeds (non-taxable) Deduction Codes
3909 Unclaimed Benefits paid by Fund (taxable) 4001 Current Pension Fund Contributions
3915 Retirement/involuntary termination of 4002 Arrear Pension Fund Contributions (not
employment lump sum benefits/Commutation applicable from 2017 year of assessment)
of annuities (taxable) 4003 Current Provident Fund Contributions, Arrear
3920 Lump sum withdrawal benefits (taxable) Provident Fund Contributions
3921 Living annuity and section 15C of the Pension 4005 Medical Aid Contributions
Funds Act, surplus apportionments (taxable) 4006 Current Retirement Annuity Fund
3922 Compensation i�r�o death during employment Contributions
(Excl/PAYE) 4007 Arrear (re-instated) Retirement Annuity Fund
3923 Transfer of Unclaimed Benefits Contributions (not applicable from 2017 year
of assessment)
Gross Remuneration Codes 4018 Premiums Paid for Loss of Income Policies (not
3696 Gross Non-Taxable Income applicable from 2016 year of assessment)
3697 Gross Retirement Funding Employment 4024 Medical services costs deemed to be paid by
Income (not applicable from 2017 year of the employee in respect of himself/herself,
assessment) spouse or child
3698 Gross Non-Retirement Funding Employment 4026 Arrear Pension Fund Contributions – Non
Income (not applicable from 2017 year of Statutory Forces (not applicable from 2017
assessment) year of assessment)
3699 Gross Taxable Employment Income 4030 Donations deducted from the employee’s
remuneration and paid by the employer
Employee’s Tax Deduction and Reason Codes 4472 Employer's Pension Fund Contributions
4102 PAYE 4473 Employer's Provident Fund Contributions
4115 Tax on Retirement Lump Sum and Severance 4474 Employer’s medical scheme contributions in
benefits respect of employees not included in code
4116 Medical Scheme Fees Tax Credit taken into 4493
account by the employer for PAYE purposes 4475 Employer's Retirement Annuity Contributions
4118 Employment Tax Incentive 4493 Employer’s Medical Aid Contributions i�r�o
4120 Additional medical expense credit allowed for Retired Employees (not applicable from 2013
employee older than 65 year of assessment)
4141 UIF contribution 4497 Total Deductions/Contributions
4142 SDL contribution 4582 Remuneration inclusion used in section 11(k)
4149 Total Tax, SDL and UIF (excluding the value deduction (specific codes included)
of 4116 Medical Scheme Fees Tax Credit 4583 Remuneration portion of travel allowance,
taken into account by the employer for PAYE motor vehicle fringe benefit and Reimbursive
purposes)� Travel Allowance
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