IFRS for SMEs / Section 28: Employee Benefits
Section 28: Employee Benefits
Section 28 covers short-term benefits such as salaries and leave, post-employment benefits, other long-term benefits and termination benefits.
Disclosures to look for
- 28.39–28.41 Disclosures for defined contribution and defined benefit plans and for termination benefits.
How Sight applies it
Salaries are suggested as employee costs; PAYE, UIF and SDL paid to SARS settle the payroll liability.
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