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SHARON says: 17 August 2015 at 11:13 How do I calculate fringe benefits tax on the use of a company vehicle. The vehicle was received on the 14 Aug 2015. |
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TaxTim says: 17 August 2015 at 16:51 If there is a maintenance plan included then take the value of the vehicle add VAT, but do not include finance charges and then x 3.25% per month. |
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SHARON says: 17 August 2015 at 17:06 No maintenance plan but period is less than a month |
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TaxTim says: 17 August 2015 at 17:13 You would then apportion it for the days worked. Use 3.5% instead of 3.25% |
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