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.