What will my perk tax be?
By Marc Sevitz · Updated
how do i determine perk tax on a vehicle of R250 000
Do you receive a travel allowance or use of a company car?
From the 1st Oct I will have full use of a company car of R250000 what will my tax be my annual salary is R300000 thank you
The fringe benefit will be R250 000 x 3.25% for 5 months which is R40625. You can add this to your annual salary and make use of our SARS income tax calculator to work out what the tax will be.