Page 137 - ADVANCED TAXATION - Day 1 Slides

Fringe Benefits

Examples of fringe benefits not subject to VAT (SILKE

32.12.4):

Not 7 th
schedule FB
 Allowances (e.g. travel allowance)

Excl. from

 Subsidies (supply of money). def of goods

Entertainment
– input denied
 Supply of meals and refreshments

Exempt
 Residential housing supply

Financial
service -
 Interest-free and low-interest loans Exempt supply