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Non-cash benefits exempted from PAYE tax for employees

8 February 2023 03:21 pm - 4     - {{hitsCtrl.values.hits}}

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A circular has been issued by the Inland Revenue Department exempting employees from paying PAYE tax on non-cash benefits such as for vehicles, fuel allowances, housing and medical benefits which have been provided to employees at their places of employment.

This circular has been issued by the Commissioner General of Inland Revenue Department on the instruction of the Secretary to the Ministry of Finance, Economic Stabilization and National Policies yesterday.

The circular calculates an employee’s gains and profits from January 01, 2023 and below is the full list of details.

 


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  Comments - 4

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  • Roshanaly Wednesday, 08 February 2023 03:44 PM

    Did you get the permission from the IMF to exempt this Non-cash bebefits from the PAYE.

    Rajan Wednesday, 08 February 2023 06:14 PM

    Are you sure it has been exempted? The notice does not give any such indication.

    Athk69 Wednesday, 08 February 2023 07:59 PM

    What about private sector employees?

    ass Thursday, 09 February 2023 09:51 AM

    This is to primarily benefit the 225


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