Fringe benefit calculation on two employer-provided vehicles
By Evan Robinson · Updated
I have 2 cars on "employer provided vehicle":
1) 2013 Suzuki Alto used for approx 6 months. Cash value 89000
2) Cherry 2011 value 59900 also used for approx 6 months.
How would I calculate the fringe benefit amount / or could someone help me with these amounts?
1) 2013 Suzuki Alto used for approx 6 months. Cash value 89000
2) Cherry 2011 value 59900 also used for approx 6 months.
How would I calculate the fringe benefit amount / or could someone help me with these amounts?
You can make use of our Travel Allowance calculator to calculate which method saves you the most tax, however when you complete your tax return you would include both vehicles. Go through our service to be able to complete and submit your tax return to SARS quickly and easily.