The end of the year, marked by the winter holidays, is an occasion for organizations to show their appreciation for the employee results of the year and give them bonuses and rewards. One of the two companies choose to give gifts to employees’ children, amounting to 150 lei, free tax amount.
The gifts offered for the employees’ children, for Christmas, which do not exceed 150 lei, are not included in salary incomes and are free of taxes, according to Smartree, payroll and personnel administration outsourcing company.
This provision applies for each minor child of the employee, according to the Fiscal Code in force. In addition, in terms of income tax, these expenses with gifts in cash and in kind are deductible for income tax, as social spending in the limit of up to 2% on the value of the salary expenses.
“In this context, about 45% of the companies processed by Smartree offer gifts for employees’ children, most often in the deductible limit of 150 lei,” said Smartree specialists.
Also the Christmas parties are a way of rewarding employees for good results over the year, but lately, some companies have dropped to such events, preferring to focus their budgets on gifts.
“The economic crisis has significantly reduced the number of companies that offer advantages beside salary, but they still occupy an important place to motivate employees. Therefore, companies are always looking for the best options to identify the right benefits. This year has seen a trend to quit organizing Christmas parties, but the gifts for children still remained a priority”, said Laura Gheara.
The Christmas bonus remains the main benefit preferred by the companies and the employees in Romania during the holidays, while second place ranks the 13th salary, followed by gift vouchers, shows an analysis of General Human Resources.
General Human Resources is a company founded in 2012, specializes in HR processes outsourcing, from personnel administration and payroll to HR consulting and recruitment. In the company’s portfolio are companies in distinct areas, such as FMGC, construction, interior design, commerce, transport and public administration, for which it manages about 22,000 people.
Smartree, company operating on the outsourcing payroll and personnel administration market, was founded in 2000 and currently has offices in Bucharest, Pitesti and Timisoara. The company offers payroll services, personnel administration, analysis and reporting for management, recruitment, temporary staffing and consulting. The company annually processes 450,000 employees and has more than 150 clients.
Read the original article on Wall-Street.ro
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