Page 39 - Taxation F6 - Income From Employment
P. 39
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.
39
