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21 Nov 2018

 Generally, non-cash benefits (e.g. accommodation or motorcars) provided by employers to their employees are treated as income of the employees. These benefits are called benefits in kind (BIK).

There are several tax rules governing how these benefits ar...

19 Nov 2018

In an effort to boost revenue for the country, the Inland Revenue Board is offering a special tax amnesty called the Special Programme for Voluntary Disclosure. This measurement was also announced in the recent Budget 2019.

The idea is to encourage peopl...

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