Courses

Changes in Income to COVID-19

As a measure to mitigate the economic effects as a result of covid 19 pandemic, the implementation of the Tax Law (Amendment) Act, 2020 which came to effect from 25th April, 2020 made the following changes: Reduction of Personal Income Tax top rate (PAYE) from 30% to 25% 100 % Tax Relief for persons earning […]

Motor Vehicle Benefit

CAR BENEFIT – SECTION 5 (2B)Where an employee is provided with a motor vehicle by employer, the chargeable benefit for private use shall be the higher of the rate determined by the Commissioner and the prescribed rate of benefit. Where such vehicle is hired or leased from third party, employees shall be deemed to have […]