n Tax Breaks Newsletter - New RFE definition could cause calculation errors : fringe benefits
|Article Title||New RFE definition could cause calculation errors : fringe benefits|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Nov 2014|
|Pages||6 - 7|
The draft 2014 Taxation Laws Amendment Bill (TLAB) brings with it some important proposed changes to the formula that employers use to calculate the fringe benefit value of their contributions to employees' defined benefit funds. The TLAB raises the possibility of making incorrect payroll calculations in certain circumstances, unless legislators make changes to some of their formulas and definitions.
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