Table of Contents

CSG on End Of Year Bonus

As from 01 September 2021, the provisions of the Social Contributions and Social Benefits Act 2021 shall apply as follows:

CSG on End Of Year Bonus where EYB paid at Mid-December

(Payments and deductions are cumulated from January to December together with December’s payroll transactions. End Of Year Bonus is paid on one-twelfth of the cumulated EYB earnings)

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CSG on End Of Year Bonus where EYB is paid in two parts: First part at Mid-December and Second part with December's payroll

(Payments and deductions are cumulated to calculate EYB. The First part of the EYB is calculated on one-eleventh of the total cumulated EYB earnings from January to November. The Second part of the EYB is calculated on the total cumulated EYB earnings from January to December minus the first part of the End of Year Bonus amount.)

CSG on End Of Year Bonus where EYB is paid with December's payroll

(Payments and deductions are cumulated from January to December this year. End of Year Bonus is calculated on one-twelfth of the cumulated amount)

CSG on End Of Year Bonus where EYB amount is manually calculated and input for a leaver