WebFringe Benefits Tax Return by the due date of 26th June 2024 ITEM YES NO N/A Motor Vehicle Benefits Did you provide any motor vehicles to employees or associates (including directors), that were used for private use? If YES, please complete a Motor Vehicle Schedule ☐ ☐ ☐ ... WebFringe Benefit Tax (FBT) is tax paid on the taxable values of fringe benefits being provided by an employer to an employee. All employers except the government are liable to FBT. The employer is liable for payment of FBT. ... For motor vehicles, the taxable value shall be 15% of the original cost of each vehicle per annum (c) For school fees ...

Understanding Fringe Benefits - Brotherhood Mutual

http://www.matrixtaxschool.co.zw/2024/10/11/the-revision-of-zimbabwe-dollar-motoring-benefits/ WebMay 2, 2024 · Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. Besides helping employees, offering fringe … sake competition 2023

Fringe Benefit Plans, Inc. - Employee Benefit Programs and Insurance

WebVisit Section 3 “Fringe Benefit Valuation Rules” for the valuation rules on vehicle use. In general, the fair market value of an employer-provided vehicle is the amount the … WebMar 1, 2015 · A taxable fringe benefit arises where an employee is granted the right to use a motor vehicle, owned by his employer, for private use. Travelling between the employee's residence and place of work is included in private use. The ‘determined value’ of a motor vehicle is ordinarily used to calculate the value of the private use. sake color