Salaried Employees Fringe Benefits Series
Salaried Employees Fringe Benefits Series
What's Included:
Introduction to fringe benefits, allowances, specific transactions and rebates
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.1 Hour | R0.00
Fringe benefit: Acquisition of asset below actual value
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Right of use of an asset
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Right of use of a motor vehicle
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Meals, refreshments and vouchers
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Right of use of residential accommodation
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Free or cheap services
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Low interest rate loans and loan subsidies
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Medical aid contributions and retirement fund contributions
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Medical expenses and insurance premiums incurred by the employer
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
0.5 Hour | R49.00
Fringe benefit: Discharge of debt
OUTCOMES OF TOPIC After studying this topic related to fringe benefits, allowances, specific transactions and rebates you should be able to: ✓ Understand the difference between the terms “fringe benefits” and “ allowances”; ✓ Identify fringe benefits and allowances received by an employee in terms of his/her employment; ✓ Understand that the Seventh Schedule contain the provisions in respect of fringe benefits and how to apply these provisions to determine its inclusion in a taxpayer’s gross income; ✓ Understand where fringe benefits and allowances are declared on the ITR12 tax return; ✓ Understand that there are specific transactions that would have a specific tax treatment which will be covered later on in Allowances; ✓ Understand where certain deductions (such as section 18A donations) and rebates (such as section 6, 6A & 6B) get included in the tax calculation which will be covered later on in Allowances.
