Values for Non-Cash Benefits – Updated on 25.06.2018

IRD has published updated (25.06.2018) document for Values of Non Cash Benefits for the purpose of PAYE. Non Cash Benefits can be categorized mainly into four as follows;

1. Value of Company shares awarded by Employer
2. . Value of benefits from any residence provided by the Employer
3. Value of Transport Facilities provided by the Employer
4. 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