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BIK on preferential loan

godtabh · 2019-08-11 09:46:54

Reading revenues website if an employer gives an employee and interest free loan BIK is charged at 13.5%. They give the example of a €10k loan. Is the 1350€ the full amount? Ie if the loan was for 5 years is it 1350€ spread over 5 years?

11-08-2019 9:46am

#1

godtabh

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Reading revenues website if an employer gives an employee and interest free loan BIK is charged at 13.5%.

They give the example of a €10k loan. Is the 1350€ the full amount? Ie if the loan was for 5 years is it 1350€ spread over 5 years?

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#2 11-08-2019 9:52am

godtabh

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Also how would this loan be classed I.e does it show up on a credit report.

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#3 11-08-2019 9:58am

CIARAN_BOYLE

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Interest is per annum.

It would not show up on a credit report if the employer isn't a member of credit agency.

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