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Home » Understanding fringe benefits and VAT
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Understanding fringe benefits and VAT

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VAT is a transaction-based tax, and the fiscal tax invoice is the cornerstone of compliance. It serves not only as a record of the transaction but also as proof that tax was charged and paid.
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FRINGE benefits are non-cash compensations or advantages provided by employers to their employees in addition to regular salaries or wages. These benefits play a significant role in enhancing employee morale, loyalty, and overall productivity. However, in Zimbabwe, the provision of fringe benefits triggers Value Added Tax (VAT) implications, particularly under VAT Act. This section ensures…

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