🎁Are promotional gifts tax deductible

For staff:

Would you like to give a gift at Christmas, New Year or Easter?

You can! For such occasions, you may spend up to 40 euros per employee. This amount is fully exempt from social security contributions and withholding tax.

Please note: all employees must receive the same gift.

Does the employee have dependent children? Then the amount may be increased by 40 euros per child.

It's your employee's birthday, what now?

You can give a birthday gift worth up to 40 euros. These gifts are exempt from tax, but are subject to social security contributions.

Has your employee recently got married or moved in with their partner?

On the occasion of a marriage or cohabitation, you may give a gift of up to 245 euros per employee. This amount is fully exempt from tax and social security contributions. A nice way to celebrate the new chapter in their lives!

For business relations:

Would you like to give your business relations a gift for their cooperation? You can!

With Cirklo vouchers, you not only give a gift, but you also contribute to strengthening the local economy. Your gift will be spent at local merchants, allowing you to directly contribute to the growth of local businesses and the preservation of a vibrant community.

In addition to its symbolic value, a business gift can also provide a tax benefit, provided it meets certain conditions. Under specific conditions, business gifts are tax deductible – both for VAT and direct taxes.

Rules for business gifts:

· 50% tax deductible as a professional expense.

· Up to a maximum amount of £250 per beneficiary per year.

Income tax:

If the amount exceeds this general rule, it is still possible, but a tax form 281.50 must be drawn up in the name of the recipient, stating both the nature and the value of the gift.