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the employer or the rental agreement

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This essay focuses on the employer or the rental agreement.

in each of the following independent Cases.

Taxable employment income in Kenya includes all payments made

the employer or the rental agreement

Indicate the minimum taxable benefit that would be allocated to Amelia in each of the following independent Cases.

Taxable employment income in Kenya includes all payments made by an employer to an employee. This will include salaries, wages, bonuses, and fringe benefits received or enjoyed by virtue of employment. Fringe benefits will typically have a specific tax treatment (as in the case of housing, vehicles, and other benefits indicated below). Where no specific tax treatment is prescribe, the taxable value will be the higher of the cost to the employer or the fair market value of providing the benefit

Generally speaking, a housing benefit is tax at the higher of 15%. It is  of gross remuneration (excluding housing) and the rent paid by the employer. Where the property is own by the employer or the rental. The  agreement is not at arm’s length, reference is make to the fair. The  market value rent of the property. There are special rules for directors and a few other categories of staff.

Determine the tax treatment income and expenses for 2020.

Details;

firstly, be sure

secondly, be honest

Thirdly, be specific

Further, be smart

Further, be nice

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