Viewing Blog #131

• 2022-02-04 13:50:10

Loans Fringe Benefit Change

Payroll Administrators. Please remember to adjust the interest rate percentage to calculate the fringe benefit for low/interest free loans from 1 February. If an employer provides an employee with an interest free loan or interest below the official rate, it must be taxed as a fringe benefit. See SARS website for details or contact help@payslip.co.za.

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