Two dielectric relaxations located at approximately 10 and 300 MHz were analyzed in the microemulsion composed of the polar ionic liquid (PIL) 1-butyl-3-methylimidazolium tetrafluoroborate ([bmim][BF4]), the surface-active ionic liquid (SAIL) 1-butyl-3-methylimidazolium 1,4-bis(2-ethylhexyl) sulfosuccinate ([bmim][AOT]), and benzene. The curve of the dc conductivity vs PIL weight fraction shows two inflection points, namely, 16.69 and 27.90 wt %, which are used to divide the PIL/O, bicontinuous (B.C.), and O/PIL subregions. The critical exponents of percolation u = 0.75, 0.79, and 0.80 are suggested from the scaling dependence of dc conductivity on the PIL weight fraction, together with frequency dependences of both permittivity and loss angle, which all infer that static percolation occurs in the microemulsion. Only one dielectric relaxation at high frequency was observed in the PIL/O subregion, when the concentration increased to the boundary between the PIL/O and B.C. subregions; the second dielectric relaxation appeared at low frequency. The high-frequency relaxation is caused by interfacial polarization. The low-frequency relaxation is attributed to the dipole-oriented polarization of AOT-. When the oil content of the system was reduced, the interface became softer to allow more AOT- to rotate, and the cation shifted from moving around its long axis to rotating along its short axis. The static dielectric constant of [bmim][AOT] was given. The dielectric constants and conductivity of the dispersed and continuous phases in the PIL/O and O/PIL subregions were calculated from the dielectric parameters of high-frequency relaxation.