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In-kind benefits
A benefit-in-kind (BIK) is any non-cash benefit of monetary value.
A benefit-in-kind (BIK) is any non-cash benefit of monetary value that you provide for your employees with the goal of improving job satisfaction or work-life balance. Some in-kind benefits are taxable, some are not. Examples of in-kind benefits include relocation expenses, educational reimbursements, car allowances, meal plans, and housing. These benefits can also be referred to as notional pay, fringe benefits or perks.
Related Glossaries
Off-cycle payment
"Off cycles", occur when payments are processed outside of the regular payroll cycle.
Payroll Taxes
Payroll taxes are taxes directly related to work.
MT103
It is part of the SWIFT payment system.
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RemotePass has been a great success partner for Amwal, it truly enabled us to be international talent friendly. Attracting top talent without the hassle of thinking how we would hire and pay abroad.
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