SOURCE CODE DESCRIPTIONS IRP5 code 3822

Fringe benefit codes

In the electronic file IRP5 code 3822 is used for: Non-taxable Benefit – Acquisition of Immovable Property (Excl). Non-taxable Benefit – Acquisition of Immovable Property as contemplated in par 5(3A) of the Seventh Schedule. Code 3872 MUST only be used for Foreign Service income. Valid from the 2015 year of assessment.

The prescribed Length of IRP5 code 3822 in the electronic file is: N15

The abbreviations used within the description of the relevant codes mean:
• PAYE: Income is subject to the deduction of Employees’ Tax and will also be taxed when the income tax assessment for the employee is processed.
• IT: Income is not subject to the deduction of Employees’ Tax but will also be taxed when the income tax assessment for the employee is processed.
• Excl: Income is not subject to the deduction of Employees’ Tax and will also not be taxed when the Income Tax assessment for the employee is processed.
• Excl/PAYE: Depending on the circumstances described in the legislation, the income is either subject to both PAYE and Income Tax, or it is excluded from both PAYE and Income Tax