Taxation on Global Life Insurance (BiK) in Estonia

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What are tax liabilities due on the monthly premiums for the employee?

  • The tax implications depend on the beneficiary listed in the insurance contract, which could either be the employee or the company. If the employee is the beneficiary, the benefit-in-kind is subject to fringe benefits tax at the employer level.

Does Remote have to entity withhold PAYE/wage tax and social security from the benefit in kind?

  • In Estonia, there is no withholding tax obligation on benefits in kind given to the employee.

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