Tunjangan Hari Raya Payments – Pay in Instalments or Later to Maintain Your Liquidity
Each country has its own customs when it comes to paying bonuses which are not performance-based to employees on certain occasions. In many parts of the world, employees receive a bonus payment for Christmas, in other parts this is prior to the summer holiday period or for the New Year. In Indonesia, employers are under an obligation pay a so-called “Religious Holiday Allowance” (Tunjangan Hari Raya). [1]
Tunjangan Hari Raya is a non-wage income to be paid once a year and at least seven days prior to the religious holiday in question…
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