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The value of a fringe benefit must be reduced by any payment made by the employee for the benefit.

I’ve just started working with a company as a sales rep and would be earning FJ$15,600 per annum.

You will have to fill a TIN application form (IRS001) / FNPF/FRCA Joint ID Card form.

(2) Housing Fringe Benefit Valuation The normal selling price of the property or services, reduced by any payment made by the employee to the employer for the property or services The cost to the employer of acquiring the property or services, reduced by any payment made by the employee to the employer for the property or services.

Total employment income (salaries/wages) paid by the employer to the household personnel such as housekeeper, driver, gardener, security guard etc., reduced by any payment made by the employee for the benefit.

32 of 2015), the Chief Executive Officer may, without prejudice to such validity as it may have in any other respect of for any other purpose, disregard or vary any of the following dealings and make just and proper assessments in the circumstances: Fringe Benefit Tax Calculation Computation of Fringe Benefits Taxable Amount The fringe benefits taxable amount is computed according to the following formula- A/ (1-r) Where- A = the total value of fringe benefits provided by the employer to the employees in the quarter; and r = the Fringe Benefit Tax rate specified in section 5(2) Example: Total value of fringe benefits provided by an employer for a quarter is $80,000.

Calculate the Fringe Benefit Tax payable by the employer for the quarter.

Offences An employer who fails to file a fringe benefit tax return is seen to be committing an offence and is liable for a maximum fine of FJ$15,000 or to imprisonment for a term not exceeding 12 months or to both a fine and imprisonment, with effect from 1 January, 2012.

The courts can impose a maximum fine of FJ$15,000 or to imprisonment for a term not exceeding 12 months or to both a fine and imprisonment, with effect from 1 January, 2012, on any of the following offences: Anti-Avoidance Provision Avoidance of Fringe Benefit Tax In accordance with Section 102 of the Income Tax Act (Act No.

The tables below highlight how the various categories of fringe benefits are to be valued.

(1) Motor Vehicle Fringe Benefit Valuation The value of a motor vehicle fringe benefit for a quarter is as follows- If a motor vehicle is provided to an employee partly for private use and partly for use in employment, the value of benefit is reduced by 50% of the value of benefit as per values in above table.

The completed form can be lodged at any of our Customer Service Centres and you will be issued with a FNPF/FRCA Joint ID card after your application is processed.