Civil Servants To Receive Untaxed Bonuses

3 years ago
Thu, 14 Nov 2019 22:48:08 GMT
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Civil Servants To Receive Untaxed Bonuses

Finance and Economic Development Minister Mthuli Ncube said that all civil servants will get their bonuses in November.

While presenting his 2020 budget statement on Thursday, Ncube further revealed that the bonuses will be inclusive of transport and housing allowances. He said:

Treasury has made arrangements to pay all civil servants their bonuses in November 2019.

The bonuses are based on a formula that is inclusive of transport and housing allowances, which is a once-off variation to current policy, which base these payments to basic salary only.

This was designed to bring relief to public servants in light of the erosion of disposable incomes under the current high inflationary environment.

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The government had earlier indicated that civil servants’ bonuses will be staggered between November and December.

Meanwhile, with the lowest-paid civil servant earning $1 023 per month, the majority of public workers will have their bonuses untaxed after Treasury proposed a bonus tax-free threshold to ZWL $5 000 with effect from November 1.

More: ZTN



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