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The vacation vouchers replace vacation tickets, according to the law 94/2014 approving Government Emergency Ordinance no. 8/2009. For vacation vouchers can benefit both private sector and budget employees.
The vacation vouchers may be granted up to six national minimum gross wage by employers who hire employees with individual employment contract. These vouchers can be given whether or not the employer has obtained profits or income, as applicable, in the previous fiscal year.
Under the new conditions, the vacation vouchers are only deductible in calculating the tax on profit, limited to six minimum gross wage per employee in a fiscal year. The deductibility is not apliable to calculation of tax on income, but only to the calculation of tax on profit.
The employees who receive vacation vouchers can not qualify for the vacation bonuses or leisure tickets granted under Law 263/2010 on the unified public pension system.
The National Tourism Authority (NTA) will issue vacation vouchers in the online system, according to law 94/2014. Previously, the vacation tickets were issued by units in the field.
The new law NO longer specifies anything about the exemption from tax on income and social contributions.
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