Write brief notes on Tax-free employment benefits

      

Write brief notes on Tax-free employment benefits

  

Answers


Wilfred
Tax free employment benefits
- Medical services provided by an employer for full time employees, and non-whole time service director (but only up to a maximum of ksh. 1,000,000 per annum for the latter.
- Employer’s contribution to a pension or provident fund. However with effect from 1st July 2004 employees of organizations not chargeable to tax will be liable to tax on contribution the employer makes to an unregistered fund or on the excess contribution to a registered fund
- Payment by an employer of education fees of an employee’s dependents’ or relatives if taxed on the fund.
- International passage costs paid by an employer for citizen employee recruited outside Kenya
- Qualifying fringe benefits
- Benefits valued at a sum of up to kshs. 36,000 form year of 2006.
Wilfykil answered the question on February 26, 2019 at 05:54


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