A3.57 : BIK : APPENDIX 2 - (a) The Prescribed Value of Motorcar and Its Related Benefits

A3.57 : BIK : APPENDIX 2 - (a) The Prescribed Value of Motorcar and Its Related Benefits

Title : APPENDIX 2 - (a) The Prescribed Value of Motorcar and Its Related Benefits


APPENDIX 2 - (a) The Prescribed Value of Motorcar and Its Related Benefits
Cost Of Motorcar (New)
(RM)
Annual Prescribed Benefit of Motorcar
(RM)
Annual Prescribed Benefit of Petrol
(RM)

Up to 50,000

1,200

600

50,001 - 75,000

2,400

900

75,001 - 100,000

5,000

1,500

100,001 - 150,000

5,000

1,500

150,001 - 200,000

7,000

1,800

200,001 - 250,000

9,000

2,100

250,001 - 350,000

15,000

2,400

350,001 - 500,000

21,250

2,700

500,001 and above

25,000

3,000


--Source from AutoCount Wiki --

    • Related Articles

    • A3.59 : BIK : APPENDIX 2 - (c) Prescribed Value of Other Benefits

      Title : APPENDIX 2 - (c) Prescribed Value of Other Benefits APPENDIX 2 - (c) Prescribed Value of Other Benefits Item Type of benefit Value of Bik per year 1 Telephone (including mobile phone) i. hardware – fully exempt for one unit for each asset ...

    • A3.53 : BIK : Example provided – for Motorcar

      Question : Example provided – for Motorcar Answer : Where a motorcar is provided, the benefit to be assessed is the private usage of that motorcar and the petrol provided. A motorcar which is provided to the employee is regarded to be used privately ...

    • A3.58 : BIK : APPENDIX 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances

      Title : APPENDIX 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances APPENDIX 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances CATEGORY TYPE OF BENEFIT ANNUAL PRESCRIBED VALUE OF BIK PROVIDED (RM) 1 ...

    • A3.54 : BIK : Additional Info for Prescribed Value Method

      Question : Additional Info for Prescribed Value Method Answer : For household furnishings, apparatus, and appliances, the prescribed value in respect of these benefits is given in Appendix 2 - (b) Prescribed Value of Household Furnishing, Apparatus ...

    • A3.52 : BIK : How to determine the Value of BIK?

      Question : How to determine the Value of BIK? Answer : a) The Formula Method ⇒ each benefit provided to the employee is ascertained by using the formula below: ⇒ the prescribed average life span of the various assets is as in Appendix 1 ⇒ the benefit ...