PAYE Fringe Benefit Taxes

Description

Over the last 5 years, Fiji has introduced a new Fringe Benefits Tax regime as part of the overall tax reforms to Personal Income Tax System in Fiji. The new regime was designed to bring simplicity to tax imposed on non-cash benefits. It was also designed to complement the successful administration of the PAYE as a final tax. The Fringe Benefits Tax is contained under Part 4 of the Income Tax Act 2015. The new regime ensures that a wide range of fringe benefits received by the employee are taxed in the hands of the employer. These benefits ranges from debt waiver, household personnel, housing, discounted interest loan, meal or refreshment, motor vehicle, private expenditure, property and residual benefits. This course will provide an overview of the Fringe Benefits Tax legislation and will explain how to compute this tax and to fulfill the administrative requirement to file a return and pay the tax.

Objectives:

  • fundamental reforms to the Fringe Benefits Tax regime since the introduction of taxes in Fiji
  • connection between Fringe Benefits Tax with income tax and the Value Added Tax (VAT) regimes
  • legislative provisions governing the computation of the Fringe Benefits Tax in Fiji
  • preparation of Fringe Benefits Tax return
  • examples on each classes of the fringe benefit
  • administrative provisions governing the Fringe Benefits Tax in Fiji
  • exempt Fringe Benefit Tax provisions
Course ID
WTX03
Duration
1 Day
CPD Hours
6
Fee
F$495.00

2020 Training Schedule

Suva
Aug 29, Mar 28
Nadi
Not Offered
Lautoka
Not Offered
Labasa
Not offered

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GENERAL ENQUIRIES

+679  331 2297
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TRAINING ADVISE:

Naomi Coalala
Manager – Business Development
+679  331 2193
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IN-HOUSE REQUESTS:

Vishal Parkas
Marketing & Admin Officer
+679  331 2193
[email protected] 

CORPORATE LEARNING SOLUTIONS 

Verleshwar Singh
Head – Workforce Development Training Unit
+679  331 2195 / +679  999 3659
[email protected] 

 

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