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of <h1>Rule 3(7)(vii): Taxation on Employee Use of Employer's Assets Set at 10% Annually, Laptops Exempt.</h1> Rule 3(7)(vii) addresses the taxation of an employee's use of an employer's movable assets. The taxable value is calculated as 10% per annum of the asset's actual cost if owned by the employer, or the actual hire charges if rented, minus any amount paid by the employee for its use. An exception exists for laptops and computers, where no taxable value is assigned for their use.
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