• Low or Interest Free Loan/Debt Fringe Benefit - New Repo Rate Effective December 2022

    The repurchase rate (repo rate) has increased from 6.25% to 7% on 25 November 2022. As from December 2022 , the ‘low or interest free loan/debt’ fringe benefit should be calculated by using the new ‘official interest rate’. The ‘official interest…