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How to Update A Car Benefit

Value of Car

Updated over a month ago

In Kenya, a car benefit is the taxable value of a company vehicle provided for an employee’s private use.

It is calculated as 2% of the vehicle’s initial cost (inclusive of VAT) per month and added to the employee’s taxable income under PAYE

To Update a Car Benefit in Workpay;-

Go to the Module Payroll on the main Menu

Run payroll page

Click the Button View Payroll data

Bulk Import and Generate Template

Open the template and go to the column CJ ' Value of Car' section

Update the total amount of the car e.g 2,000,000 under the section Value against the employee with the Car Benefit.

Add the Frequency to either 'Recurring' or 'One time' depending on the frequency of the benefit monthly.

Once done, save the document.

Go back to the Workpay system where you go the template and click 'browse file' to upload the file you saved.

Proceed to click the save button once you browse and update the file.

You should get a prompt that the details have been uploaded successfully.

Since the workpay system is already configured to pick the 2% from the value of car automatically. Proceed to reprocess the payroll/s of the individuals who have the car benefit, then confirm by viewing their payslips once the payroll processing is done.

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