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Fringe benefit calculation on two employer-provided vehicles

Posted 13 July 2015

Yola says:
13 July 2015 at 15:40

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?

TaxTim TaxTim says:
13 July 2015 at 17:49

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.

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