employer who has persons earning more than $481 per week or $2083 per
month is required to register as an employer with the Commissioner of
Inland Revenue. He/she is then issued with all the required forms.
first form we will focus on is the Employee Declaration Form, A47:
001. All employees must complete this form. It allows the employer to
determine the relevant tax Code under which the employee will be taxed.
Each employed person starts with a basic allowance of $25,000 and this
can increase depending on the amount of the allowances that person has
A person claiming $25,000 would have a tax code of 250W or 250M depending
on whether that person was paid weekly or monthly. The code enables the
employer to deduct the correct amount of tax from each employee.
Another form issued to the employer is the PAYE Tax Deduction Remittance
Form, A47:004. After taxes have been deducted from all persons liable
to tax the employer is obligated to pay all sums over to the Commissioner
on or before the 15th of the month following the month in which it was
This form, A47.004, (available online) is used to remit all sums to the
Inland Revenue Department. Employers should be sure to include their Account
Numbers. Payments may be posted, hand delivered or placed in our 24 hr.
mailbox on the north side of the Ground Floor, Treasury Building.
The Tax Tables Booklet contains a set of instructions to each employer.
These instructions, !f closely followed, will greatly assist the users
in deducting the correct amount of tax. They will also advise the employer
what amounts are taxable, what amount must be deducted for the month from
the employee and how to account for the amounts deducted.
The main function of the Tax Tables is to show the employer how much PAYE
to deduct from each person's pay package. This book contains over 300
pages with tables that make it as simple as possible for its users. The
PAYE section is staffed by officers who are responsible for the rendering
of any assistance needed.
Persons who are employed with more than one employer must complete and
file one Employee Declaration Form only with the employer of his or her
choice. The wages or salary earned from the other employer(s) is then
to be taxed under table X. This means that no allowances are taken into
account in the deduction of P.A.Y.E. In other words, the total amount
earned with the second employer is taxed at between 20% to 38%.
If an employee feels
too much or too little tax is being deducted from his/her wages or salary
that person may in writing give notice of complaint, stating the grounds
of his complaint, to the Commissioner.
If after the Commissioner has investigated the complaint and found that
too much tax has been deducted from the emoluments of that person, she
shall as soon as practicable cause the excess to be refunded to that person.
430-3158 / 59 / 60