Do you need quick cash or a study loan? Forget the banks, your employer might just be the real life line.
Here’s the deal: Staff loans usually come at 0% interest. And according to Income Tax Practice 6 of 2003, any staff loan under N$3,000 or for furthering your studies is EXEMPT from fringe benefit tax.
So why wait? Run to HR, charm them with that smile, and sign on the dotted line. It’s basically free money.
– Update by Lazarus Amukeshe, Hdip Tax
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