Guide: In what countries is Life Insurance treated as Benefits in Kind (BiK)?

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Mika
  • Updated

 

Country Is there a taxable benefit in kind? Will the PAYE/tax and social security be withheld by Remote?
Albania ๐Ÿ‡ฆ๐Ÿ‡ฑ Yes Yes
Armenia ๐Ÿ‡ฆ๐Ÿ‡ฒ Yes Yes
Australia ๐Ÿ‡ฆ๐Ÿ‡บ Yes No 
Austria ๐Ÿ‡ฆ๐Ÿ‡น Yes Yes
Bangladesh ๐Ÿ‡ง๐Ÿ‡ฉ Yes Yes
Belgium ๐Ÿ‡ง๐Ÿ‡ช  Yes  Yes
Bolivia ๐Ÿ‡ง๐Ÿ‡ด  Yes Yes
Bosnia and Herzegovina ๐Ÿ‡ง๐Ÿ‡ฆ Yes Yes
Bulgaria ๐Ÿ‡ง๐Ÿ‡ฌ Yes Yes
Canada ๐Ÿ‡จ๐Ÿ‡ฆ Yes Yes
Chile ๐Ÿ‡จ๐Ÿ‡ฑ Yes No
Colombia ๐Ÿ‡จ๐Ÿ‡ด Yes No
Costa Rica ๐Ÿ‡จ๐Ÿ‡ท Yes Yes 
Croatia ๐Ÿ‡ญ๐Ÿ‡ท Yes Yes
Cyprus ๐Ÿ‡จ๐Ÿ‡พ No No
Czech Republic ๐Ÿ‡จ๐Ÿ‡ฟ Yes Yes
Denmark ๐Ÿ‡ฉ๐Ÿ‡ฐ Yes Yes
Dominican Republic ๐Ÿ‡ฉ๐Ÿ‡ด Yes No
Ecuador ๐Ÿ‡ช๐Ÿ‡จ Yes No
Egypt ๐Ÿ‡ช๐Ÿ‡ฌ Yes Yes
Estonia ๐Ÿ‡ช๐Ÿ‡ช
 
Yes for employees as a beneficiary No
Finland ๐Ÿ‡ซ๐Ÿ‡ฎ Yes Yes
Georgia ๐Ÿ‡ฌ๐Ÿ‡ช Yes Yes
Germany ๐Ÿ‡ฉ๐Ÿ‡ช Yes Yes
Greece ๐Ÿ‡ฌ๐Ÿ‡ท No up to a certain amount No
Honduras ๐Ÿ‡ญ๐Ÿ‡ณ Yes Yes
Hong Kong ๐Ÿ‡ญ๐Ÿ‡ฐ Yes Yes
Hungary ๐Ÿ‡ญ๐Ÿ‡บ Yes Yes
Iceland ๐Ÿ‡ฎ๐Ÿ‡ธ Yes Yes
Indonesia ๐Ÿ‡ฎ๐Ÿ‡ฉ Yes Yes
Italy ๐Ÿ‡ฎ๐Ÿ‡น Yes Yes
Japan ๐Ÿ‡ฏ๐Ÿ‡ต Yes Yes
Kenya ๐Ÿ‡ฐ๐Ÿ‡ช Yes Yes
Latvia ๐Ÿ‡ฑ๐Ÿ‡ป Yes Yes
Lithuania ๐Ÿ‡ฑ๐Ÿ‡น
 
Yes No
Luxembourg ๐Ÿ‡ฑ๐Ÿ‡บ
 
Yes Yes
Malaysia ๐Ÿ‡ฒ๐Ÿ‡พ Yes No
Malta ๐Ÿ‡ฒ๐Ÿ‡น Yes Yes
Mexico ๐Ÿ‡ฒ๐Ÿ‡ฝ No No
Mongolia ๐Ÿ‡ฒ๐Ÿ‡ณ No No
Morocco ๐Ÿ‡ฒ๐Ÿ‡ฆ Yes Yes
Netherlands ๐Ÿ‡ณ๐Ÿ‡ฑ Yes Yes
New Zealand ๐Ÿ‡ณ๐Ÿ‡ฟ Yes Yes
Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ Yes Yes
North Macedonia ๐Ÿ‡ฒ๐Ÿ‡ฐ Yes Yes
Norway ๐Ÿ‡ณ๐Ÿ‡ด Yes Yes
Pakistan ๐Ÿ‡ต๐Ÿ‡ฐ Yes Yes
Panama ๐Ÿ‡ต๐Ÿ‡ฆ No No
Paraguay ๐Ÿ‡ต๐Ÿ‡พ Yes Yes
Peru ๐Ÿ‡ต๐Ÿ‡ช Yes Yes
The Philippines ๐Ÿ‡ต๐Ÿ‡ญ Yes Yes
Poland ๐Ÿ‡ต๐Ÿ‡ฑ Yes Yes
Portugal ๐Ÿ‡ต๐Ÿ‡น Yes No
Romania ๐Ÿ‡ท๐Ÿ‡ด Yes No
Serbia ๐Ÿ‡ท๐Ÿ‡ธ Yes Yes
Singapore ๐Ÿ‡ธ๐Ÿ‡ฌ Yes Yes
Slovakia ๐Ÿ‡ธ๐Ÿ‡ฐ  Yes Yes
South Korea ๐Ÿ‡ฐ๐Ÿ‡ท Yes Yes
Spain ๐Ÿ‡ช๐Ÿ‡ธ Yes Yes
Sri Lanka ๐Ÿ‡ฑ๐Ÿ‡ฐ Yes Yes
Taiwan ๐Ÿ‡น๐Ÿ‡ผ Yes Yes
Turkey ๐Ÿ‡น๐Ÿ‡ท Yes Yes
Uganda ๐Ÿ‡บ๐Ÿ‡ฌ Yes Yes
United Kingdom ๐Ÿ‡ฌ๐Ÿ‡ง No No
Uruguay ๐Ÿ‡บ๐Ÿ‡พ
 
Yes Yes
Vietnam ๐Ÿ‡ป๐Ÿ‡ณ Yes Yes

See also: What are "Benefits-in-kind" (BiK)?

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