Tax Treatment of Benefits in Kind (BIK) | Globaltraining

Tax Treatment of Benefits in Kind (BIK)


Date(s) and Time(s)
08 December 2021 - 09:00 AM
Duration
3 hours
Cost
€120
Tel
77778030
Email Address
Limassol

Lecturer(s)

Aim:

The seminar will cover the various provisions of the Informative Leaflet issued by the Cyprus Taxation Department in relation to the Benefits in Kind (BIK) with detailed explanation of its application, the employers’ obligations and the determination of the value of BIK.

Objective:

By the end of the seminar the participants should be able to correctly apply in practice the guidelines provided by the Commissioner of Taxation with respect to the tax treatment of BIK. More specifically, they should be able to identify the circumstances under which a BIK arises, to determine the value of the BIK, to understand how a BIK is declared, how the relevant tax is paid and what kind of information/documentation is required to be kept and/or submitted.

Participants’ Profile:

The seminar is primarily addressed to accountants, auditors and tax advisors in the profession or industry.