Page 21 - F6 Slide - VAT Part 4 - Lecture Day 5

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