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Non-Monetary Benefits Tax

What is a Non-Monetary Benefit?
A Non-Monetary Benefit is legally defined as any benefit provided to an employed person in respect of the person’s employment or to an associate of the employed person, including any right, privilege, service, or facility and includes a right, benefit, privilege, service or facility that is or is to be provided under an agreement for or in relation to the performance of work.

What is the rate of tax in respect of non-monetary benefits?

The tax on Non-Monetary Benefit is payable by the employer and the applicable tax rate is 20% of the value of a non-monetary benefit provided to an employed person. Such tax shall be computed in respect of each non-monetary benefit provided to the employed person.

Where can I find details of Non-Monetary Benefits?

Non-Monetary benefits are listed in the Fourth Schedule of the Income & Non-Monetary Benefits Tax Act, 2010 – entitled Taxation of Non-Monetary Benefits as follows:

For more information

For more information about non-monetary benefits tax please contact SRC on 293741/293742/293743 or you can send us an e-mail on
You can also visit our Advisory Centre at Ocean Gate House, Ground floor, Room 2.

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