IRB issues public rulings on tax borne by employers and income from employment on board a ship, 16 December 2016
The Inland Revenue Board (IRB) has published the following public rulings (PRs):
• Tax Borne by Employers (Second Edition) (PR No 11/2016) dated 8 December 2016.
• Taxation of Income from Employment on Board a Ship (PR No 12/2016) dated 9 December 2016.
Tax Borne by Employers (Second Edition) (PR No 11/2016)
This PR rearranged, rewrote and updated the contents of PR No 2/2006. This PR replaces PR No 2/2016 dated 17 January 2006.
Taxation of Income from Employment on Board a Ship (PR No 12/2016)
The PR explains the tax treatment of income of an individual derived from an employment exercised on board a ship. The PR covers, among others, derivation of income, tax treatment, double taxation agreement provision, documents required for verification and responsibility of employer and seafarer.