The value of the tax-free Corona-related gift to emplyees in Sweden has increased for the year 2021. The tax-free Corona gift for the year 2020 was SEK 1,000. For income year 2021, there is an increase to SEK 2,000, which will be the value for a gift that employers in Sweden can give to an employee without tax consequences. That is, there will be no mandatory benefit taxation to handle (where many employees otherwise have to pay about 50% in tax on the value of the gift), nor will there be any social security contributions for the employer to pay.
This gift is a tax-free gift that is in addition to the already existing, statutory tax-free gifts to in Sweden to employees that we recognize as a Christmas gift, memorial gift and anniversary gift.
For this corona-related gift that is tax-free up to SEK 2,000, it is also specifically stated that the employees can receive this gift as a gift card at restaurants and shops and thereby support the local business community.
Do you have other tax or VAT issues? Our tax-, accounting- and payroll consultants are happy to help you. We can also take care of your entire accounting or payroll management. You find us in The Spark, or you can contact Malin Nordfjäll, malin.nordfjall [at] accountor.se, 010-475 01 50 directly.