n Tax Breaks Newsletter - SARS investigates medical aids and PAYE deductions : employees' tax

Volume 2006, Issue 248
  • ISSN :



Extracted from text ... 2 September 2006 Moneyweb's TAX BREAKS could be held personally liable for this tax as well as for VAT. But it's not all doom and gloom - for some lighter reading turn to page 3 for news on the useful capital gains tax TAB calculator. Enjoy the read. employee's benefit) or the portion exceeding the two-thirds portion, for example 75 per cent, was effected from 1 April 1998. "These types of contributions constitute a taxable fringe benefit in terms of the Seventh Schedule of the Income Tax Act, which regulates employers to withhold Employees' Taxes on the portion exceeding two-thirds ..

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