As an employee, there are a number of both taxable and non-taxable payments and benefits provided by your employer. This is why you need to able to set them apart to ensure you only pay taxes on the taxable ones.
Here is a list of common payments and benefits which are non-taxable.
- Accommodation, supplies, and services on your employer’s business premises
- Supplies and services provided to you other than on your employer’s premises for performing your duties but doesn’t apply to motor vehicles, boats or aircraft, or any extension of living accommodation
- Free or subsidised meals
- Expenses of providing a pension
- Medical treatment overseas if you fall sick or suffer injury while performing your duties
- Health screening and medical check-ups
- Nurseries and play schemes available on your premises
- Childcare vouchers and other employer-supported childcare
- Certain living accommodation
- Incidental overnight expenses
- Travelling and subsistence expenses following strike disruption
- Cost of travel between home and work for the disabled people
- Christmas or other annual party
- Certain restraining costs
- Employer funded or employer-reimbursed training
- Long service awards
- Suggestion schemes
- Encouragement awards
- Financial benefit awards
- Goodwill entertainment
- Car, motorcycle and bicycle parking
- Certain gifts
- Work to home travel provided when you work late or when sharing agreements are disrupted
- Work buses and subsidies to public buses
- Christmas or other annual party
- Sports facilities
- Travelling from offshore rigs to the mainland
- Working Rule Agreements
- Counselling
- Welfare Counselling
- Mobile Phones and Smartphones
- Bicycling and cycling safety equipments
- Loans for a purpose that attracts tax relief in full
- Employee Shareholders
If such exemptions apply to you, make sure you do not include any of them on your tax return.
