28 November 2018
End of year gift
The employer can offer gift-vouchers to his employees every year. This in the form of payment certificates, a bank transfer, cash or kind. It is given for the occasion of Saint Nicholas, Christmas or New Year.
- May be exchanged at companies that have entered into an agreement with the provider of these payment certificates;
- Have a limited term;
- May not be paid in cash.
When the gifts meet certain conditions, they are not seen as a salary. This means they are exempt from NSSO and taxes. In order not to be considered as salary, certain conditions must be followed.
|Occasion||Maximum amount NSSO||Tax||Deductibility employer|
|No social contributions for employer or employee||Exempted:||Maximum:|
|Saint Nicholas, Christmas, New Year||Per child € 40,00||Per child € 40,00||Per child € 40,00|
To verify whether the gift falls under these conditions, they look at the system that the employer uses and not to the amount that is assigned to the employee.