Corporate Tax
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Salaried Employees Fringe Benefits Series

CPD Hours: 5.1

Price: R441.00


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Title / Topic

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 Hours | 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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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 Hours | R49.00
Karen van Wyk GTP(SA)

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.


0.5 Hours | R49.00
Karen van Wyk GTP(SA)

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