Cloud Payroll - BIK : APPENDIX 2 - (c) Prescribed Value of Other Benefits

Title : APPENDIX 2 - (c) Prescribed Value of Other Benefits

APPENDIX 2 - (c) Prescribed Value of Other Benefits

Item	Type of benefit		Value of Bik per year
1	Telephone (including mobile phone)		i. hardware – fully exempt for one unit for each asset category ii. bills – fully exempt in respect of one unit per asset excluded in paragraph (i) above.
2	Recreational club membership	a) individual membership – membership subscription paid or reimbursed by employer	Tax treatment on the benefit received by the employee as follows; i. entrance fee for club membership – taxed under paragraph 13(1)(a) of the ITA; ii. Monthly/annual membership subscription fees for club membership - taxed under paragraph 13(1)(a) of the ITA; iii. Term membership – taxed on the amount of payment made under paragraph 13(1)(a) of the ITA.
		b) Corporate membership – Membership subscription paid by employer	Tax treatment on the benefit received by the employee as follows - i. Entrance fee - not taxable; ii. Monthly/annual membership subscription fees for club membership - taxed on the prescribed value under paragraph 13(1)(b) of the ITA.
3	Gardener		RM3,600 per gardener
4	Household servant		RM4,800 per gardener

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