Income Tax Act, 1962 (Act No. 58 of 1962)

Special Tax Measures relating to 2010 FIFA World Cup South Africa

Part VIII: Miscellaneous

17. Exemption from fringe benefit tax on 2010 FIFA World Cup South Africa clothing, other goods or match tickets supplied to employees
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Notwithstanding anything to the contrary contained in the Seventh Schedule to the Income Tax Act, 1962, no value must be determined for any clothing, other goods or match tickets related to 2010 FIFA World Cup South Africa supplied to an employee on or before 11 July 2010, to the extent that the aggregate of the cash equivalent of the value of the clothing, other goods or match tickets does not exceed an amount of R750 in respect of the employee.