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New South African Law Reclassifies Certain Fringe Benefits,
by Robert Lee, Tax-News.com, London
Tuesday, October 28, 2008
The private use of cell phones and laptops that are provided by companies to their
employees will no longer be taxed as a result of new amendments in the Revenue Laws
Amendment Bill.
Tax expert have welcomed the change because employers will no longer
be required to keep tabs on the use of laptops and cell phones for personal
use so that they can be taxed as fringe benefits.
Other costs deemed tax-free under the Revenue Laws Amendment Bill include the 'private
use' part of telephone-line rentals, internet subscriptions provided by employers
and call costs from employer-owned telephones.
The bill also contains other measures designed to ease the tax administration
burden, particularly for small business. These include the introduction of an
elective turnover tax system, which will allow the smallest businesses to opt
out of the conventional income tax system.
It has been estimated that a small business In South Africa spends about SAR36,000
(USD3,270) annually to ensure that tax is correctly paid.
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