If remuneration were taxed only when paid in cash, it would be simple to avoid tax by compensating employees in kind: cars, accommodation, cheap loans, or employer-paid personal expenses. To preserve neutrality and fairness, and to avoid arbitrage between cash and non-cash pay, South African law treats most private-value items provided by an employer to an employee as taxable fringe
benefits. This course explores all the different types of Fringe Benefits and how the determined value of the benefit is calculated.

TOPICS DISCUSSED

• Module 1 – Foundations of Fringe Benefits & PAYE
• Module 2 – Taxable VS No-Value Benefits: The Decision Framework
• Module 3 – Use and Acquisition of Assets
• Module 4 – Right of Use of A Motor Vehicle (Company Cars)
• Module 5 – Residential Accommodation
• Module 6 – Low / Interest-Free Loans and Study Assistance (Bursaries, Scholarships and Related Debt)
• Module 7 – Free or Cheap Services, Employer-Paid Policies and Related Subsidies
• Module 8 – Travel Allowance, Reimbursive Travel Subsistence
• Module 9 – Employer Medical Scheme Contributions and Medical Costs

Included:

Excel Workbook included demonstrating different scenarios and calculations!