PAYE stands for Pay-As-You-Earn. It is a withholding tax on taxable incomes of employees. Under this system, an employer is required by law to deduct income tax from an employee’s taxable salary or wages.
An employee means an individual who is a subject of an employment conducted by an employer. It includes a permanent employee, part time, manager, director and casual employees. Employees may be employed by one or more employers (Primary and Secondary Employment).
An employer means a person who conducts, has conducted or has prospect of conducting the employment of an individual.
Full time service director means:
Means a person at a managerial position and is in full time service in a corporation.
Administration of PAYE
An employer is required to withhold income tax from salaries, wages and all other payments forming taxable income paid to an employee.