Wage subsidy employees to face tax bill once pandemic ends
Payments under scheme are not taxed in ‘real time’ as is normally the case under PAYE
Thousands of employees in receipt of wage subsidies from the state will be hit with delayed tax bills once the pandemic has passed, the Business Post has learned.
Under the temporary wage subsidy scheme (TWSS) introduced by the government in response to the outbreak of Covid-19, the state has agreed to meet the cost of up to 70 per cent of an employee’s normal take-home pay.
The scheme, which is designed to...
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