• Low or Interest Free Loan/Debt Fringe Benefit - New Repo Rate Effective February 2023

    The repurchase rate (repo rate) has increased from 7% to 7.25% on 27 January 2023. As from February , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest rate’ as…
  • Low or Interest Free Loan/Debt Fringe Benefit - New Repo Rate Effective June 2022

    The repurchase rate (repo rate) has increased from 4.25% to 4.75% on 20 May 2022. As from June 2022 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest rate’…
  • Low or Interest Free Loan/Debt Fringe Benefit - New Repo Rate Effective April 2022

    The repurchase rate (repo rate) has increased from 4.00% to 4.25% on 25 March 2022. As from April 2022 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest rate…