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Q: Bonus payable for Year of Assessment (YA) 2021 shall be declared in Form E of Year 2021 or in Form E of Year 2022 if it is paid in Year 2022? 

A: If the bonus is paid in Year 2022, it shall be declared in the year of payment (i.e. Form E of Year 2022).

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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