CfR Guideline on Article 6 ITA

The Office of the CfR has issued a Guideline on the application of Article 6 of the Income Tax Act (CAP 123) in terms of which an Investment Services or Insurance Expatriate, as defined, may opt to be exempted from tax on income relating to certain personal expenses, which would otherwise be taxed as fringe benefits.

The Guideline clarifies the manner in which this provision is interpreted and applied in practice.