115WA. (1) In addition to the
income-tax charged under this Act, there shall be charged for every assessment
year commencing on or after the 1st day of April, 2006, additional income-tax
(in this Act referred to as fringe benefit tax) in respect of the fringe
benefits provided or deemed to have been provided by an employer to his
employees during the previous year at the rate of thirty per cent on the value
of such fringe benefits.
(2) Notwithstanding that no income-tax is payable by an
employer on his total income computed in accordance with the provisions of this
Act, the tax on fringe benefits shall be payable by such employer.