Tax Free – Christmas Bonus
November 23, 2021
Small Benefit Exemption
You can give employees a small benefit of up to €500 in value, tax free, each year. This benefit must not be in cash.
If more than one benefit is given in a year, only the first one qualifies for tax free status. Unused allowance amounts cannot be carried over.
Tax-free vouchers or benefits can be used only to purchase goods or services. They cannot be redeemed for cash.
Note
If a benefit exceeds €500 in value, the full value of that benefit is subject to tax.