Special Rules in MV computation for fringe benefits

• Housing leased by an employer for employees' use

  50% of rental paid
• Housing owned by the employer for employee's use

  50% of the 5% of the higher between FMV or ZV
• Housing purchased by the employer on installment for employee's use

  50% of 5% of the Acquisition Cost exclusive of interest
• Housing purchased by an employer to transfer ownership to the employee for the same amount

  100% of the higher between the Acquisition cost or Zonal Value
• Housing purchased by an employer to transfer ownership to the employee at a lesser amount

  100% of the higher between FMV as declared or ZV
• Vehicle purchased directly where the purchase is in the employee's name

  100% of the acquisition cost
• Vehicle purchased by the employer by giving cash to the employee and the cash is used to purchase a vehicle where the ownership is in the employee's name

  100% of the Cash received
• Vehicle purchased on installment where the purchase is in the employee's

  100% of the Acquisition Cost divided by 5 years
• Vehicle which is owned and maintained by the employer for the employee's use

  50% of the Acquisition cost of the vehicle (not normally used in trade or business) divided by 5 years
• Vehicle leased and maintained by the employer for the employee's use

  50% of the Rental payment for the motor vehicle (not normally used in trade or business)
• Cash disbursement items for the benefit of the employee where the monetary value is 100% of the amount granted

  Household personnel, Membership fees to social clubs, Foreign travel expenses whether or not for business or personal, Interest on loan (less market rate if given), life and health insurance and similar accounts, expense accounts