Fringe benefits chargeability expanded: amended law treats fringe benefits as taxable alongside income, changing assessment scope. The amendment substitutes 'any income chargeable to tax' with 'any income or any fringe benefits chargeable to tax', thereby including fringe benefits within the scope of taxable receipts under section 278 and specifying the operative commencement date when fringe benefits become chargeable under the revised provision.
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Fringe benefits chargeability expanded: amended law treats fringe benefits as taxable alongside income, changing assessment scope.
The amendment substitutes "any income chargeable to tax" with "any income or any fringe benefits chargeable to tax", thereby including fringe benefits within the scope of taxable receipts under section 278 and specifying the operative commencement date when fringe benefits become chargeable under the revised provision.
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