What is the Tax Treatment of Benefits in Kind? – LATEST UPDATE : PUBLIC RULING NO. 11/2019
PUBLIC RULING NO. 11/2019 : Benefits in Kind The objective of PUBLIC RULING NO. 11/2019 : Benefits in Kind is to explain – a) The tax treatment in relation to Benefits in Kind (BIK) received by an employee from his employer for exercising an employment, and b) The method of ascertaining the value of BIK […]
What is the Tax Treatment of Tax Borne By Employers? – LATEST UPDATE : PUBLIC RULING NO. 11/2016
PUBLIC RULING NO. 11/2016 : TAX BORNE BY EMPLOYERS The objective of PUBLIC RULING NO .11/2016 : TAX BORNE BY EMPLOYERS is to explain the computation of – (a) perquisite relating to income tax of an employee borne by an employer; and (b) tax payable by the employee who is entitled to this perquisite. What […]
What is the Tax Treatment of Gratuity Received? – LATEST UPDATE : PUBLIC RULING NO. 9/2016
PUBLIC RULING NO. 9/2016 : Gratuity The objective of this PUBLIC RULING NO. 9/2016 is to explain the method used to characterise lump sum payments received by employees upon the termination of their employment as gratuity and the tax treatment of gratuity. What is gratuity? When an individual ceases employment upon resignation or retirement, he […]
