Fringe benefits tax calculator for The Gambia
When an employer gives staff benefits in kind, such as a house, a car or household staff, the employer pays fringe benefits tax. The employee pays nothing.
The rate is 27%, applied to the value of the benefits grossed up as if the tax were included.
How it's calculated
- Add up the fair value of the benefits for the year. For housing, subtract any rent the employee pays you. For a car, count only the share used privately.
- Taxable amount: value ÷ (1 − rate).
- Tax: taxable amount × 27%.
An example
The GRA example adds housing worth D75,000, private car use of D62,500, fuel of D30,000 and household staff of D24,000. The D191,500 of benefits carries D70,829 of tax.
Frequently asked questions
How do I value a company car?
In the GRA example, the private share of the car's value is divided by four, and fuel is counted at its private share. Two cars worth D500,000 each used 25% privately give D62,500.
When is the tax paid?
In quarterly instalments by the 15th of the month after each quarter, with the annual return and balance due three months after the end of the tax year.
Which benefits are exempt?
Tax-exempt pension contributions, benefits provided by the Government of The Gambia and benefits to employees whose income is exempt from tax.
Can the employer deduct the tax?
Yes. The tax and the value of the benefits are allowable deductions when working out the employer's own income tax.
Key terms
- Fringe benefit
- A payment in kind to an employee, such as housing, a vehicle, a loan, household staff or insurance.
- Grossing up
- Increasing the value so that the tax is calculated as if it were part of the benefit.
Up-to-date official data
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