Benefits in Kind
Tax and contribution treatment of non-cash benefits.
How Portugal taxes benefits in kind, and where the exemptions apply
A meal card and a company car are both pay. Portuguese tax law treats them that way by default: a benefit in kind (rendimento em espécie, non-cash remuneration provided because of the job) is employment income in…
Mehmood Deshmukh
CTO & Co-Founder
Benefits in Kind in Mexico: How the Structure Decides the Tax
In Mexico, a large share of what an employee actually takes home never shows up as base salary. Much of it is paid as prestaciones (benefits): grocery vouchers, a savings-fund match, private medical insurance, meals,…
Greg Miaskiewicz
CEO & Co-Founder
The aguinaldo: how Mexico's mandatory Christmas bonus works in payroll
Every employer in Mexico owes each worker an aguinaldo of at least 15 days of salary, and it has to be paid before 20 December each year (LFT Art. 87). This is not a discretionary bonus or a performance reward. It is a…
Mehmood Deshmukh
CTO & Co-Founder
The UK Is Moving Benefits in Kind Into Real-Time Payroll: The End of the P11D
The UK is changing how employee benefits in kind are taxed, and while it is being presented as an administrative simplification, it changes what anyone running payroll has to do each month, and it changes what employers…
Mehmood Deshmukh
CTO & Co-Founder
Portugal Rebuilt Its Talent Tax Breaks: NHR, IFICI, and IRS Jovem
Portugal has spent more than a decade using the income-tax code as a talent-attraction tool, and in the last two years it tore up a big part of that toolkit and rebuilt it. If you run payroll for anyone employed in…
Greg Miaskiewicz
CEO & Co-Founder
