Holiday vouchers are an efficient alternative for holiday premiums, being deductible and tax-free for both employers and employees within the limit of 6 gross minimum salaries per country, representing the equivalent of the amount of lei 7,500. The companies which grant holiday vouchers save 40% as compared to granting the same amount in the form of holiday premiums or in cash.
With holiday vouchers, employees can buy full tourism packages from affiliated tourism units: tourism agencies, hotels, pensions, recreation and balneary treatment resorts.
Holiday vouchers support the Romanian tourism, promoting Romanian holiday destinations and enjoy a convenient tax treatment, according to Emergency Ordinance No. 8/2009 published in Official Gazette No. 110/24.02.2009 and to the methodological norms on the granting of holiday vouchers. By introducing holiday vouchers, the Government intervenes in favor of the employee, whose real income increases, and in favor of the employer, who has the possibility and is stimulated to grant a holiday in the country to its employees, in addition to its salary.
- Fiscal advantages
|Full deductibility at the payment of the tax on profit and exemption from the payment of the social taxes owed by employees and employers within the limit of 6 minium salaries per country (lei 7,500/employee/year)||Exemption from the payment of contributions:
The employee has the obligation to pay a tax of 16% on the income coming from the received holiday vouchers, with the maintenance of the other fiscal advantages according to Emergency Government Ordinance No. 58 in relation to holiday vouchers as stipulated by Emergency Government Ordinance No. 8/2009 on the granting of holiday vouchers.
- More efficient and more motivated employees
- Productivity improvement
- Flexibility and logistic advantages: holiday vouchers are easy to order and distribute
- The specialized consulting services offered by Edenred to its customers who order holiday vouchers
- The most extended network of hotels, pensions and agencies affiliated to the holiday vouchers system
The recovery of the employees’ labor capacity, the increase in the employees’ labor productivity and the employees’ motivation will generate enhanced stability and efficiency for Romanian companies.