South Africa Tax Agency Updates Guidance for Employers on Fringe Benefits, Allowances

The South African Revenue Service Feb. 29 updated guidance for employers on the tax treatment of fringe benefits and allowances. The updated guidance includes: 1) the updated business travel allowance rate of 4.84 South African rand (US$0.25) per kilometer; 2) guidance and updated amounts by country of travel for the personal subsistence allowance; and 3) rules for determining the tax treatment of travel benefits provided during or before the 2018 tax year. The guidance applies from March 1. [South Africa, South African Revenue Service, 02/29/24]

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