Page 97 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Income from Employment

Fringe

• The following loans have a zero value:

• Casual loans or a series of casual loans not

exceeding R3 000 at any relevant time.

• Casual loans are short term loans granted at

irregular intervals with a limit of R3 000 not to be

exceeded at anytime.

• A loan granted to an employee to further his own

studies.

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