PeeWee05 opened this issue on Dec 06, 2007 ยท 20 posts
PeeWee05 posted Fri, 07 December 2007 at 5:40 PM
Quote - Yep, I looked it up: about 90% of all employees in Belgium legally benefit from a 13th month's payment. Only downside is that there are some 50% taxes on that payment...
My former employer also payed us a '14th month': an annual share in the company's profits... That is, until our company was taken over by an American company; they sacked 4000 employees in Europe and kept the profits...
Yip that's what happens in SA, everyone gets a 13th cheque and it is heavily taxed (45%) for us, but you get some of it back whn you do your tax return plus it really helps to pay off debts or buy Xmas pressies. I was really relying on getting a 13th cheque or bonus to use on my trip to Europe. Now I think I'm not gonna have such a great time coz I gotta watch my money...
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