TAX IMPLICATIONS OF FRINGE BENEFITS

Is an employers’ contribution to an overseas scheme a taxable benefit?

This could be considered as a fringe benefit and would therefore be included in your gross income. It may, however, also be used as a deduction to reduce your taxable income if the scheme meets the required standards.

Do fringe benefits include company and personal pensions?

An employer contribution to a pension is a fringe benefit however can be used as a deduction.

My company pays for my accommodation, travel, family, and medical expenses, how will this affect me?

These are considered fringe benefits which will be included in your gross income.

Is medical aid paid in Saudi Arabia claimable as part of your South African tax returns?

This depends on whether the contributions paid are to a fund registered under similar provisions of the South African Medical Schemes Act in the laws of the other country.

Is a living allowance a fringe benefit?

Yes, therefore to be included as part of your gross income.

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