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

    The repurchase rate (repo rate) has increased from 7.75% to 8.25% on 25 May 2023. As from June 2023 , 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 April 2023

    The repurchase rate (repo rate) increased from 7.25% to 7.75% on 30 March 2023. As from April , the ‘low or interest-free loan/debt’ fringe benefit should be calculated using the new ‘official interest rate’. The ‘official interest rate’ as defined…
  • 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…