CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. New South African Law Reclassifies Certain Fringe Benefits

New South African Law Reclassifies Certain Fringe Benefits

by Robert Lee, Tax-News.com, London

28 October 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.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »