Commentary

4.1 Valuation of benefits in kind

South Africa
South Africa | Commentary

4.1 Valuation of benefits in kind

South Africa | Commentary

4.     Withholding on benefits in kind

4.1     Valuation of benefits in kind

Benefits in kind, or taxable benefits, are specifically included in the gross income of taxpayers under paragraph (i) of the definition. In turn, they are also subsumed in the definition of remuneration, where paragraph (b) refers to the cash equivalent amounts included in gross income under paragraph (i). The value of taxable benefits is therefore subject to PAYE.

Paragraph (i) of the definition of gross income determines that the cash equivalent value of taxable benefits, as determined under the Seventh Schedule of the ITA (Seventh Schedule), will

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