Page 78 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Income from Employment

Fringe Benefits

• Right of use of a motor vehicle

• The percentage to calculate the value of the vehicle is:

• 3,5% per month

• 3,25% per month=subject to maintenance plan.

• Multiplied by the original costs including vat excluding

finance charges or

• Market value at the time when the employer first

obtained the right of use.

• If the car is leased under a operating lease the actual cost

to the employer incurred and the costs of fuel in respect

of that vehicle.

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