Foodstuffs, Cosmetics and Disinfectants Act, 1972
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)SchedulesSeventh Schedule : Benefits or Advantages Derived by reason of Employment or the Holding of any Office8. Meals, refreshments and meal and refreshment vouchers |
| (1) | Where an employee has been provided with any meal, refreshment or voucher as contemplated in paragraph 2 (c), the cash equivalent of the taxable benefit shall be so much of the value of such meal, refreshment or voucher (as determined under subparagraph (2) of this paragraph) as exceeds any consideration given by the employee in respect of such meal, refreshment or voucher. |
| (2) | The value to be placed on such meal, refreshment or voucher shall be the cost to the employer of such meal, refreshment or voucher. |
| (3) | No value shall be placed under this paragraph on— |
| (a) | any meal or refreshment supplied by an employer to his employee in any canteen, cafeteria or dining room operated by or on behalf of the employer and patronised wholly or mainly by his employees or on the business premises of the employer; |
| (b) | any meal or refreshment supplied by an employer to an employee during business hours or extended working hours or on a special occasion; or |
| (c) | any meal or refreshment enjoyed by an employee in the course of providing a meal or refreshment to any person whom the employee is required to entertain on behalf of the employer. |
