Employer pays SAICA subscription for employee CA(SA) where registration is required for the job

Employer pays an employee’s credit card account

Employer pays off a director’s personal loan

Employer waives debt of current employee for personal reasons

An employer settles an employee’s private school fees on their behalf.

An employer grants an employee rent-free accommodation as part of their employment package.

A company provides an employee with the private use of a company-owned motor vehicle.

An employee receives a performance bonus directly deposited into their bank account.

R78 000

R69 250

R67 050

R57 500

The abatement amount

The employee’s remuneration proxy

The number of months of occupation.

The type of accommodation (furnished/unfurnished, with or without services).

Only if the purchase is below R5 000 and the supplier provides any form of receipt.

For the full amount of VAT incurred, provided the supplier is a registered vendor, irrespective of the intended use.

No input tax may be claimed where a portion of the goods relates to exempt supplies.

Only to the extent that the goods are acquired for purposes of making taxable supplies and the claim is supported by a valid tax invoice issued by another VAT-registered vendor.

It is acquired from a registered vendor.

It is acquired from a foreign diplomat.

It is acquired from a resident non-vendor within South Africa.

It is imported from a non-resident.

Lower of cost or market value less consideration paid by employee

Market value less consideration paid by employee

Cost to employer less consideration paid by employee

Market value less cost to employer

R13 650 × 10 months = R136 500 taxable

R15 750

R13 650

R14 700

Debit note.

Credit note.

Tax adjustment slip.

Supplementary invoice.

Market value less any payment by employee

15% of cost × months of use ÷ 12

No value

Cost to employer