Benefits Administration
The payroll taxes vary depending on a number of factors such as the corporate form of the employer, the residence of the employee, the Tax Authority rulings in certain cases, the background of the employee (expert tax relief), etc. The tax treatment of benefits is strongly influenced by the common practices developed by the Tax Authority.
Some benefits are tax free up to a certain limit while some others are taxable in the same manner as wages or have their own tax rate.
These benefits include for example:
- Stocks and options,
- Food allowances,
- Car allowances,
- Per Diems,
- Travel expenses,
- Staff welfare benefits,
- Various healthcare insurances,
- Pension plans,
- Staff discounts,
- Education and Training, and
- Bonuses.