Interest Rate Change for Employer Loans
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
Posts with Tag "fringe benefit"
Interest Rate Change for Employer Loans
The repo rate has decreased by 25 basis points, resulting in the official interest rate for employer loans changing to 7.5%.
Option Added for Taxing Company Car at 100%
The functionality for the company car system item has been expanded to include a 100% taxable option.
Interest Rate Change for Employer Loans
A change in the repo rate results in a change in the fringe benefit interest rate for low or interest free employer loans to employees.
Interest Rate Change and New Features
Due to the recent drop in interest rates by the reserve bank, the fringe benefit interest rate on low or interest free loans will now be 6% instead of 6.5%.