Cadourile de Crăciun – între tradiție și fiscalitate
Christmas presents - between tradition and taxation

Summary/Abstract: Which are the gifts that companies can offer that are benefitting from tax facilities or deductions: gift vouchers, gifts, or money? What tax issues should companies pay attention to? Gift vouchers offered by companies on Christmas with a value of up to 150 lei per beneficiary are exempt from the payment of income tax and social contributions. The same rule applies if the gift consists of a sum of money. And because “form” is important, employers need to be careful and provide for this either in the collective bargaining agreement or in the internal regulations. From the point of view of corporate tax, gifts given to employees and their children, regardless of the form in which they are given, are considered social expenses, which are deductible up to 5% of salary costs. The company will also have to consider the cost of VAT that it will bear for the gifts given to employees or their children, which have nothing to do with the economic activity in optimal conditions.

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