Holiday Benefits and Gifts as an Opportunity for Savings?
December is the season of giving—not only under the Christmas tree but also in the strategies of companies that prioritize their employees and business partners. Holiday benefits and gifts are an excellent way to foster relationships, motivate teams, and strengthen ties with business partners. Could a strategic approach to tax settlements in this area also result in savings? Here’s what you should know:
Evolving Interpretations of Regulations
Recent rulings by Poland’s Supreme Administrative Court (NSA) suggest a revolutionary approach to benefits—for instance, those provided to seconded employees. It turns out these benefits might be exempt from personal income tax (PIT) and social security contributions (ZUS)!
Tax Costs and Well-being
Expenses for refreshments or activities supporting employee well-being (e.g., psychological support or stress management) are increasingly recognized as tax-deductible. Properly planned benefits can remain tax-neutral for employees.
Social Fund and “One-Zloty” Benefits
The Company Social Benefits Fund (ZFŚS) or employee co-financing for benefits are tools worth considering when building or reorganizing your benefits policy.
How Can We Help?
- We create employee benefits matrices outlining PIT and ZUS implications.
- We provide training for HR, payroll, tax departments, and others dealing with non-salary benefits.
- We offer ongoing support—from answering questions to identifying savings through available tax and ZUS exemptions.
Let’s discuss the details during an online meeting — contact us today!