8. Tax certificate reporting
The income value of the company car fringe benefit must be reported on tax certificates.
There are two codes to differentiate between a fringe benefit calculated for the private use of a company-owned motor vehicle and the private use of a vehicle rented by the company:
1. Code 3802: “Use of motor vehicle acquired by employer NOT via Operating Lease”
2. Code 3816: “Use of motor vehicle acquired by employer via Operating Lease”
This income value will be used as the starting value for the income tax calculation on assessment.