What is taxable benefit in SAP PY-NL - The Netherlands?

SAP Term: taxable benefit

• Component: PY-NL

• Component Name: The Netherlands

• Description: A work-related monetary or non-monetary amount, which is added to the taxable wage. For example, an amount for the private use of the company car or bike. The reward is known in the Netherlands as 'bijtelling'.

Smart SAP Assistant

• Key Concepts: 
  Taxable benefit is a type of income that is subject to taxation in the Netherlands. It is a form of compensation that is provided to employees in addition to their regular salary and wages. This type of income includes things such as company cars, housing allowances, and other benefits. 
  
  How to use it: 
  In the Netherlands, taxable benefits are reported on the employee's annual tax return. The employer must report the taxable benefit to the Dutch Tax and Customs Administration (Belastingdienst). The employee must also report the taxable benefit on their tax return. 
  
  Tips & Tricks: 
  Employers should keep track of all taxable benefits they provide to their employees. This will help them ensure that they are reporting all taxable benefits accurately and in a timely manner. 
  
  Related Information: 
  The Dutch Tax and Customs Administration provides detailed information about taxable benefits on their website. This includes information about how to calculate the taxable benefit, how to report it, and what types of benefits are considered taxable.