Title Non Cash Benefits Chargeable to Tax
Description

Gains or profits from employment that are not paid in cash are chargeable to tax. Such gains or benefits include:



  • Value of car benefit- where an employee is provided with a motor vehicle by his employer

  • Value of housing- where an employee is provided residential housing by the employer

  • Loans at interest rates that are lower than the prevailing market rate

  • Value of benefit, advantage or facility in excess of the allowable limit of KShs 5,000 per month or 60,000 per year.

  • Meal benefit in excess of Kshs. 5,000 per month or 60,000 per year.

  • Pension contribution paid by a tax exempt employer to an unregistered scheme.

  • Pension contribution paid by an employer to a registered or unregistered scheme in excess of the allowable amount of KShs 30,000 or KShs 360,000 per year.
Category More about PAYE