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The maximum deductible value of holiday vouchers has increased

Beginning with July 1st 2013, companies can award their employees holiday vouchers that are deductible and exempted from the taxes and contributions paid by the companies, up to a value of 4800 lei per year, for each employee.

This is due to the increase of the minimum gross salary, for the second time this year, up to 800 lei.

Holiday vouchers are deductible and exempted from taxes and contributions paid by the companies within the limit of 6 national minimum gross wages for each employee, according to the Emergency Ordinance no.8/2009.

Holiday vouchers can be awarded by any company, regardless of its business sector or the structure of the share capital, provided that they have recorded profit or revenue, as applicable, in the previous financial year.

Employees who receive holiday vouchers can purchase full tourist packages from the affiliate tourism units: tourism agencies, hotels, guesthouses, balneary treatment resorts and recreational facilities.

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