Employer's Guide: "Tax-free gratuity is the amount paid to employees from an Approved Gratuity Scheme, which must not exceed ten percent (10%) of the Hotel’s sales in a calendar year.
There are three key conditions to be met, before a tax free Gratuity can be paid -
The entity must be licensed under the Tourist Board Act, as a licensed Tourist accommodation.
The entity must have from the Ministry of Finance, an Approved Gratuity Scheme."
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Dawgen Global is an integrated multidisciplinary professional service firm . The firm is staff by a Global Team of Professionals spanning several disciplines. We are integrated as one firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services Caribbean Region Head Office : Dawgen Towers 47-49 Trinidad Terrace Kingston 5 Tel: (876) 9292518 | (876) 9265210 Email: info@dawgen.global
Wednesday, September 26, 2012
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