BIK

Benefit-In-Kind (BIK)

BIK Example – Motorcar
This guide explains the Benefit-In-Kind for Motorcar. Where a motorcar is provided, the benefit to be assessed is the private usage of that motorcar and ...
Fri, 21 Mar, 2025 at 4:00 PM
BIK - Additional Info for Prescribed Value Method
This guide explains the Benefit-In-Kind (BIK) for Additional Info for prescribed value method. For household furnishings, apparatus, and appliances, the ...
Fri, 21 Mar, 2025 at 4:01 PM
What is the Tax Exemption on BIK Received by an Employee?
This guide will explain what is the tax exemption on the BIK received by an employee. END OF GUIDE
Fri, 21 Mar, 2025 at 4:10 PM
BIK : APPENDIX 1 - PRESCRIBED AVERAGE LIFE SPAN OF VARIOUS ASSETS PROVIDED BY EMPLOYERS TO EMPLOYEE
This guide explains the prescribed average life span of various assets provided by employers to employees for Benefit-In-Kind (BIK). END OF GUIDE
Fri, 21 Mar, 2025 at 4:32 PM
BIK : APPENDIX 2 - (a) The Prescribed Value of Motorcar and Its Related Benefits
This guide explains the prescribed value of motorcar and it's related benefits in Benefit-In-Kind (BIK). END OF GUIDE
Fri, 21 Mar, 2025 at 4:32 PM
BIK : APPENDIX 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances
This guide will explain the Prescribed Value of Household Furnishing, Apparatus and Appliances in Benefits-In-Kind (BIK). END OF GUIDE
Fri, 21 Mar, 2025 at 4:32 PM
BIK : APPENDIX 2 - (c) Prescribed Value of Other Benefits
This guide will explain the Prescribed Value of Other Benefits in Benefit-In-Kind (BIK). END OF GUIDE
Fri, 21 Mar, 2025 at 4:31 PM
What is BIK (Benefit in Kind)?
This guide will assisting you in further understanding what is BIK BIK – Commonly known as Benefit in Kind, is basically a kind of benefit that is provid...
Mon, 24 Mar, 2025 at 5:07 PM
How to determine the value of BIK (Benefit in Kind)?
This guide will assist you in determining the value of BIK (Benefit in Kind). There are two methods when it comes to determining the value of the BIK:  ...
Mon, 24 Mar, 2025 at 5:09 PM
BIK (Benefit-In-Kind)
This guide will assist you in setting up the BIK (Benefit-In-Kind) an individual / any employee. To setup the BIK (Benefit-In-Kind) for an employee, clic...
Mon, 24 Mar, 2025 at 5:23 PM