Employee benefits compliance has many traps for the unwary and is ever evolving. Below, we have provided a primer on current ...

The government apparently needs to finance the war partly at the expense of employees – notwithstanding the lengthy service ...

When using the operating cost method to value a car fringe benefit, the operating costs are reduced ... effective only where the employer has an obligation to pay the employee — for example, in the ...

For various business reasons, an employer may determine that it needs to move a full-time employee to part-time status.

According to KRA, employees who get additional welfare benefits ... and other non-cash rewards are a few examples of fringe benefits," he told TUKO.co.ke. The financial expert warned that raising FBT ...

For example, SBI charges its employees a flat processing fee of ... Therefore, it must be considered as fringe benefits that an individual can get only because of their employment.

KRA noted that if an employer gives a loan to a director, employee, or their family at a lower interest ... and other non-cash rewards are a few examples of fringe benefits," he disclosed. In other ...

KRA noted that if an employer gives a loan to a director, employee, or their family ... and other non-cash rewards are a few examples of fringe benefits," he disclosed. In other news, after ...

An expense payment fringe benefit occurs when an employer pays for, or reimburses, an expense incurred by an employee. This can include a wide range of costs which can be private or business-related.

In-house property fringe benefits are goods that are identical or similar to goods that a business sells to the public in the ordinary course of the business. As an example, a fashion retailer which ...

As an employer, offering perks and entertainment to your employees can be a great way ... and avoid unexpected tax liabilities. Fringe Benefits Tax (FBT) was part of a tax reform package ...

Fringe benefits are perks offered to employees in addition to salary ... on the chopping block for tax proposals. A few potential examples are below: Airplane travel. Company vehicles.