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INCOME TAX (PUBLIC SERVICE 2021 BONUS INCOME) BILL, 2022EXPLANATORY NOTESThis Bill seeks to stipulate the personal income tax payable by individuals employed by or providing services to the Government
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Salary bonus directors fee is an additional payment given to directors on top of their regular salary.
Directors who receive a salary bonus are required to report it on their tax returns.
To fill out a salary bonus directors fee, directors need to include the amount of the bonus received in the appropriate section of their tax return form.
The purpose of a salary bonus directors fee is to compensate directors for their performance and contributions to the company.
Directors must report the amount of the bonus received and any accompanying documentation related to the bonus.
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