Companies often provide their loyal and long-serving employees with an award of some form or another at certain times during their tenure with the company. The more well-known, and often joked about award, is that of the traditional “gold watch”.More recently, companies have become a little more creative when it comes to long service awards, but can it be included under the ambit of long service awards, how should it be taxed, and under which SARS code should it be reported on the tax certificate? Access our detailed tax bite on long service and bravery awards: 
https://www.nowhr.co.za/…/Tax-Legislative-Tax-Bites…#SARS#tax#payroll#longserviceawards
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Credit: Nowicki & Associates” www.nowhr.co.za
