4.1ÌýÌýÌýÌý Valuation of benefits-in-kind
All cash remuneration and remuneration that can be easily converted into cash (eg gift vouchers) are included in the monthly income of the employee. These are known as perquisites. Public ruling No.3/2024 provides clarifying guidance on the calculations regarding perquisites for income tax purposes.
Benefits-in-kind (BIKs) are those that cannot be easily converted to cash. They are therefore assigned a taxable value which is added to the income
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