Calculation of profit based remuneration: net profits must be computed under prescribed statutory rules, with limited transitional continuation. Calculation of commission and other profit linked remuneration for officers and employees (excluding directors and managers) requires that net profits be ... Summary
Calculation of profit based remuneration: net profits must be computed under prescribed statutory rules, with limited transitional continuation.
Calculation of commission and other profit linked remuneration for officers and employees (excluding directors and managers) requires that net profits be computed in the manner prescribed by the relevant statutory profit calculation provisions; pre existing payment arrangements continue for a limited transitional period and thereafter become subject to that prescribed computation rule.
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