Benefit in Kind (BIK) is the tax you pay on non-cash benefits from your employer. Company cars are the most common example, but many other benefits are taxed.
🚗 BIK Tax Facts
- Company cars: Based on OMV and business mileage
- Electric cars: Reduced BIK rates
- Health insurance: Taxable as BIK
- Tax-free benefits: Bikes, small gifts, meals