Deducting BIK payment

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Deducting BIK payment – Free Online Small Business Accounting Software Questions & Answers

Hi there,
How do I deduct BIK payments for company vehicle on the payslips for wages?
Many thanks,
Keith

  1. Brendan_Brady May 7, 2015
    Hi Keith

    BIK is a taxable addition to an employees salary. You can add the value of the BIK as an addition when processing the salary, the important part is to calculate the value of the BIK correctly.

    BB

2 answers

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Brendan_Brady ⋅ Community Accountant - Brady Associates May 7, 2015
Public

Hi Keith

BIK is a taxable addition to an employees salary. You can add the value of the BIK as an addition when processing the salary, the important part is to calculate the value of the BIK correctly. 

BB

#answer-1587
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Brendan_Brady ⋅ Community Accountant - Brady Associates May 7, 2015
Public

Hi Keith

BIK is a taxable addition to an employees salary. You can add the value of the BIK as an addition when processing the salary, the important part is to calculate the value of the BIK correctly. 

BB

#answer-1588

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