Cloud Payroll - BIK : Example provided – for Motorcar: Difference between revisions
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'''Question :''' <br> |
'''Question :''' <br> |
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<big>'''Example provided – for Motorcar'''</big> |
<big>'''Example provided – for Motorcar'''</big> |
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<u>b) The Prescribed Value Method</u> |
<u>b) The Prescribed Value Method</u> |
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<br> The prescribed value for a motorcar is given as in <b> |
<br> The prescribed value for a motorcar is given as in <b><u>Appendix 2 – (a) The Prescribed Value of Motorcar and Its Related Benefits. [[https://wiki.autocountsoft.com/wiki/Cloud_Payroll_-_BIK_:_APPENDIX_2_-_(a)_The_Prescribed_Value_of_Motorcar_and_Its_Related_Benefits]]</u></b> |
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<br> The valuation of the benefit will be based on the cost of the motorcar at the time when it was new |
<br> The valuation of the benefit will be based on the cost of the motorcar at the time when it was new |
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<br> This treatment is also applicable to a second-hand motorcar and a leased or rented motorcar. |
<br> This treatment is also applicable to a second-hand motorcar and a leased or rented motorcar. |
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