Taxation on Global Life Insurance (BiK) in Greece

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

  • Insurance premiums up to EUR 1,500 per annum, paid by the employer for medical, hospital, life, or disability coverage for its employees, are tax-exempt for the benefitting employee. This exemption applies to each employee individually. Additionally, there is a general tax exemption of EUR 300.

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

  • For any amount exceeding EUR 1,500 per annum, the company should report the excess as a taxable benefit-in-kind without source withholding. There are no social security considerations.

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