| Type of benefit |
Advantages for the company |
Training expenses: training activities.
- Payment for a course related to the current or future work in the company carried out by the employee.
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- Savings on Social Security contributions.
- No withholding or payment on account is made.
- It is a deductible expense in the Corporate Tax.
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Payment of health insurance.
- The company can take out health insurance for its employees, including their spouse and descendants. Premiums paid are not considered remuneration in kind, up to a limit of 500 euros per year for each of the insured persons (up to 1,500 euros in the case of persons with disabilities).
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- No withholding or payment on account is made.
- It is a deductible expense in the Corporate Tax.
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Premiums for work-related accident or civil liability insurance.
- Insurance taken out by the company to cover the risk of work-related accident or civil liability incurred by its employees in the exercise of their jobs is not considered remuneration in kind for them.
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- No withholding or payment on account is made.
- It is a deductible expense in the Corporate Tax.
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Vouchers
- The free delivery of meal vouchers to employees is exempt from personal income tax, up to a limit of 11 euros per day and provided that the service is provided on working days for the employee.
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- No withholding or payment is made on account.
- It is a deductible expense in corporate tax.
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Cafeteria service.
- In the event that the company itself offers (or through third parties) a cafeteria or canteen service at reduced prices, employees do not have to pay taxes on said remuneration in kind (whatever the discount), since it is considered exempt from personal income tax.
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- No withholding or payment is made on account.
- It is a deductible expense in corporate tax. Companies.
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Collective transport services.
- The cost of the bus service that the company may make available to employees to travel, free of charge or at a reduced price, from their homes to the workplace and vice versa is not considered compensation in kind.
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- No withholding or payment on account is made.
- It is a deductible expense in the Corporate Tax.
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Daycare services.
- Free daycare services (children in the first cycle of early childhood education, up to 3 years old) offered by companies to the children of their employees are not considered compensation in kind.
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- No withholding or payment on account is made.
- It is a deductible expense in the Corporate Tax. Companies.
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Schooling service.
- In the case of employees of schools and institutes for infant, primary, compulsory secondary, high school or vocational training, the remuneration in kind derived from the free or reduced-price schooling of their children in said centers is exempt.
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- No withholding or payment on account is made.
- It is a deductible expense in the Corporate Tax.
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Transport check.
- Amounts paid by companies to entities responsible for providing public collective transport services for employees’ travel between their place of residence and the workplace are exempt from taxation in the Personal Income Tax, with an annual limit of 1,500 euros per worker.
- It is also possible to use “indirect formulas”, issuing cards or electronic means of payment for employees to use exclusively to pay the cost of their travel.
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- No withholding or payment on account is made.
- It is a deductible expense in Corporate Tax.
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