On 22 June 2020, the Treasury Laws Amendment (2019 Measures No. 3) Bill 2019 received Royal Assent as Act No. 64 of 2020, bringing good news to employers. Amongst other things, the new Act has amended the FBT Law, so that the definition of ‘taxi’, in that Act, matched the definition in the GST Law. The result of that is that FBT exemptions, available to trips in traditional taxis, will also be available to trips in vehicles accessed through ‘ride sharing’ platforms (such as Uber and Ola).

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[Tax Month – June 2020]

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