Media & Resources
The material benefit is taxable again
DATE: January 30, 2024 | AUTHOR: AT
Starting from January 1, 2024 the tax exemption of the material benefits lapses. The following material benefits received by an individual is subject to the personal income tax:
- the difference between the price of goods or services sold between related parties and the market price;
- the interest advantage on loans granted by the employer or another company or entrepreneur;
- the difference between the purchase price of securities or derivatives and the market price.