| Download the document published by IRD |
IRD has published a document for Values of Non Cash Benefits for the purpose of PAYE. Non Cash Benefits can be categorized mainly into four as follows;
- Value of Company shares awarded by Employer
- . Value of benefits from any residence provided by the Employer
- Value of Transport Facilities provided by the Employer
- Other Benefits provided by the Employer
- Provision of Hotel Facilities
- Loans on Concessionary rates
- Provision of servants etc.
- Provision of Electricity and Gas etc.
- Provision of Medical Benefits
- Provision of free meals 100% of the cost
- Payment of insurance premiums
- Payment of telephone bills & annual charges
- Air tickets
- Payment of Tax
Subsistence / Travelling /meal allowances (BATA) PAYMENT SHALL WE INCLUDED TO CALCULATE FOR PAYE ? (no bills submitted to the company) Fixed Rate pay for the all field employees?
IRD circular indicate that Reimbursement exempted.Above payment can identify as Reimbursement ?
Above payments cannot be identified as Reimbursement and hence, need to consider as employee benefits under regular profits from employment.