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What are fringe benefits?

Posted 27 January 2016

Rashaad says:
26 January 2016 at 22:58

My company pays for my medical aid in full. But I get taxed more on my salary,They say its called fringe benefits. Please explain

TaxTim TaxTim says:
27 January 2016 at 8:05

A Fringe Benefit is when a company pays for something you benefit from outside of your salary - medical aid is one of those expenses. You do get a tax rebate for constitutions to your medical aid however.

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