Benefit in Kind Review

/Benefit in Kind Review
Benefit in Kind Review2018-08-22T11:50:01+00:00

A Non-Cash Benefit For Your Employees

Benefit in kind (‘BIK’) is any non-cash benefit that you provide for your employees. Usually, the value of the benefit-in-kind is the cost to the employer of providing the benefit less any contribution by the employee. If your employees earn over a specific threshold, a tax must be paid.

Key Issues

  • Expense Types – Different requirements for each expense type in each country.
  • Visibility – Difficult to determine which BIK should be taxed.
  • Compliance – Is the company compliant in relation to BIK?
  • Obligations – 5th of every month.

Taxback International BIK Process

Automatic Data Capture

Analyse Data for BIK Transactions

Set Allowance

Provide BIK Report

What Taxback International can do for you?

  • Pulls required data from your financial systems.
  • Examines pulled data for transactions subject to BIK.
  • Our BIK auditors analyse transactions and issue you with a compliant BIK report in advance of the monthly reporting deadline.
Talk to an expert now!

“Taxback International’s extensive knowledge of each region’s tax requirements is so beneficial to the success of our events. The team take us through every step of registration needs, accommodates our special requirements, and also offers the best customer service along the way”

MPI, Meeting Professionals International.

Download FREE info about Benefit In Kind Reporting now!

Download