(2)     In determining the taxable income derived by any person during a year of assessment, any amount to which an employee becomes entitled from an employer in respect of variable remuneration is deemed to-

(a)     accrue to the employee; and

(b)     constitute expenditure incurred by the employer,

on the date during the year of assessment on which the amount is paid to the employee by the employer: Provided that where the employee is deceased before the date of payment, the amount is deemed to accrue to the employee and constitutes expenditure incurred by the employer, on the day during the year of assessment prior to the date of the employee’s death.

[Section 7B inserted by section 8(1) of Act 22 of 2012 with effect from 1 March, 2013 and applicable in respect of amounts accrued or expenditure incurred on or after that date. Subsection (2) amended by section 2(1)(c) of Act 20 of 2022 with effect from 1 March, 2023 and applicable in respect of amounts accrued or expenditure incurred on or after that date]