A taxable benefit shall be deemed to have been granted where the employer has provided the employee with residential accommodation either free of charge or for a rental consideration which is less than the value of such accommodation. The value of the fringe benefit is based on a formula, as outlined in SARS’ Guide for Employers in Respect of Fringe Benefits here.

SimplePay has a built-in item to accommodate the special tax and reporting requirements related to accommodation benefits. To add an accommodation benefit:

1. Go to Employees and select the relevant employee.
2. Click on Add (next to Regular Inputs) > Accommodation (under Benefit).
3. Enter the value of the fringe benefit, calculated in accordance with the guide provided by SARS.
4. Click Save.

Still stuck? You can browse the index for related topics or simply contact us.

You are using the help system of SimplePay, a payroll system that simplifies the payroll process. Designed just for South Africa, it's a fully online solution. Read more.