I WANT TO INFORMATION ABOUT FBT FOR EXP.CALCULATION. MY CO.WORK IS CONSTRUCTION SO BUSSINEE PERPOSE EVERY MONTH TRAVELLIN,TELEPHONE,FOOD EXP DO SO ANY OTHER WAY LIKE THIS TAXES.
Re: FBT CALCULATION
by sunny on May 21, 2010 04:41 PM Permalink
The value of fringe benefits shall be the aggregate cost incurred. That is, the total expense deducted will be considered for purposes of levying fringe benefit tax. From this, a certain percentage will be deducted. The difference therein will be taxed at the rate of 30%.
