Lesson 9. Fringe Benefits. Common Examples
The law gives common examples of what should always be taxed as fringe benefits:
– Use of a company car or other company property free of charge, at a discounted price, or for non-business related activities;
– Full or partial covering of housing expenses;
– Compensation for use of a private car, until it exceeds the limits allowed by law should also be taxed;
– Loans granted with an interest rate is below the market conditions;
– Transferring goods, security, proprietary right, or service without cost or at a price lower than the market price;
– Purchasing goods, rights or services at a price higher than the market price.
– Covering expenses for education or in-service training, except if these are directly related to the employment and service relationship.
Sources:
https://www.riigiteataja.ee/en/eli/530012014003/
https://www.riigiteataja.ee/en/eli/527022014003/
Business guide for e-Residents
https://www.emta.ee/
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