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

Article author
Mika
  • Updated

 

 

Country Is there a taxable benefit in kind? Will the PAYE/tax and social security be withheld by Remote?
Albania 🇦🇱 Yes Yes
Armenia 🇦🇲 Yes Yes
Australia 🇦🇺 Yes No 
Austria 🇦🇹 Yes Yes
Bangladesh 🇧🇩 Yes Yes
Belgium 🇧🇪  Yes  Yes
Bolivia 🇧🇴  Yes Yes
Bosnia and Herzegovina 🇧🇦 Yes Yes
Bulgaria 🇧🇬 Yes Yes
Cambodia 🇰🇭 Yes Yes
Chile 🇨🇱 Yes No
Colombia 🇨🇴 Yes No
Costa Rica 🇨🇷 Yes Yes 
Croatia 🇭🇷 Yes Yes
Cyprus 🇨🇾 No No
Czech Republic 🇨🇿 Yes Yes
Denmark 🇩🇰 Yes Yes
Dominican Republic 🇩🇴 Yes No
Ecuador 🇪🇨 Yes No
Egypt 🇪🇬 Yes Yes
Estonia 🇪🇪
Yes for employees as a beneficiary No
Finland 🇫🇮 Yes Yes
Georgia 🇬🇪 Yes Yes
Germany 🇩🇪 Yes Yes
Greece 🇬🇷 No up to a certain amount No
Honduras 🇭🇳 Yes Yes
Hong Kong 🇭🇰 Yes Yes
Hungary 🇭🇺 Yes Yes
Iceland 🇮🇸 Yes Yes
Indonesia 🇮🇩 Yes Yes
Italy 🇮🇹 Yes Yes
Japan 🇯🇵 Yes Yes
Kenya 🇰🇪 Yes Yes
Kyrgyzstan 🇰🇬 Yes Yes
Latvia 🇱🇻 Yes Yes
Lithuania 🇱🇹
Yes No
Luxembourg 🇱🇺
Yes Yes
Malaysia 🇲🇾 Yes No
Malta 🇲🇹 Yes Yes
Mexico 🇲🇽 No No
Mongolia 🇲🇳 No No
Morocco 🇲🇦 Yes Yes
New Zealand 🇳🇿 Yes Yes
Nigeria 🇳🇬 Yes Yes
North Macedonia 🇲🇰 Yes Yes
Norway 🇳🇴 Yes Yes
Pakistan 🇵🇰 Yes Yes
Panama 🇵🇦 No No
Paraguay 🇵🇾 Yes Yes
Peru 🇵🇪 Yes Yes
The Philippines 🇵🇭 Yes Yes
Poland 🇵🇱 Yes Yes
Portugal 🇵🇹 Yes No
Romania 🇷🇴 Yes No
Serbia 🇷🇸 Yes Yes
Singapore 🇸🇬 Yes Yes
Slovakia 🇸🇰  Yes Yes
South Korea 🇰🇷 Yes Yes
Spain 🇪🇸 Yes Yes
Sri Lanka 🇱🇰 Yes Yes
Taiwan 🇹🇼 Yes Yes
Turkey 🇹🇷 Yes Yes
Uganda 🇺🇬 Yes Yes
United Kingdom 🇬🇧 No No
Uruguay 🇺🇾
Yes Yes
Vietnam 🇻🇳 Yes Yes

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