Benefit in Kind calculator – Use of Car calculator
Our BIK calculator quickly calculates your BIN from the use of your employer’s car. It is so simple, you only need to enter the car’s value, define if the car is older than 6 year and enter the amount of fuel paid separately to the employee by the employer.
Disclaimer
The Benefit in Kind calculator – Use of Car Calculator (“This form”) is not a legal or Tax advice and no one should rely on it. This form has been prepared as a general guide for information purposes only as many other tax aspect should be taken into account. Please note that it is not a substitution for professional advice or an advice at all. One must not rely on the Income Tax Calculator without receiving independent advice based on the particular facts of his/her/its own case. No responsibility can be accepted by the authors or the company for any loss occasioned by acting or refraining from acting on the basis of this publication.
Visit the MyCyprusTax for more information on how to submit you income tax form.
Visit the Cyprus Tax Department for more information on how to calculate your taxes.
