4.1ÌýÌýÌýÌý Valuation of BIKS
Almost all emoluments paid under the contract of employment are subject to withholding including the value of benefits-in-kind (BIKs) provided. If an employer provides benefits to their employees, they must:
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•ÌýÌýÌýÌý determine if the benefit is taxable
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•ÌýÌýÌýÌý calculate the value of the benefit
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•ÌýÌýÌýÌý calculate payroll deductions
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•ÌýÌýÌýÌý file an information return (see 1.3.3)
Generally,
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