Free or subsidised accommodation is a taxable benefit.
Where the employee resides rent-free in a house provided by the employers, the value of benefit to be assessed as an income for tax payable shall be determined as follows:
- Ìý
(1)ÌýÌýÌýÌý Employee stays rent-free in a house belonging to the employer.
- Ìý
The monetary value is 20% of the payroll paid to the employee, including additional payment throughout the year (if any), but excluding any annual bonus.
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