Tax aspects for corporate Christmas hampers

Corporate Christmas Baskets:

tax aspects

If you are looking for the ideal solution for your corporate Christmas baskets, you are in the right place. Sicilus offers you a wide range of typical Sicilian products, perfect for any occasion. But before proceeding with your order, let's dedicate ourselves to a brief overview of Italian taxation regarding corporate Christmas baskets.

Content index

  • Italian regulatory context relating to corporate Christmas baskets
  • Amount limit for deductibility and regulatory references
  • Taxation for employees according to Italian legislation
  • Taxation for collaborators, suppliers and customers
  • Why choose Sicilus corporate Christmas hampers?

1. Italian regulatory context for corporate Christmas baskets

In Italy, tax legislation provides specific regulations when it comes to corporate Christmas baskets. Being aware of these rules is essential to ensure correct management from a fiscal point of view.

2. Amount limit for deductibility and regulatory references

According to the art. 108, paragraph 2, of the TUIR, the expenses incurred for company Christmas hampers are deductible if they do not exceed the value of €50 (excluding VAT) for each beneficiary in the calendar year. Above this amount, the expense will not be considered deductible.

 

Deductibility Table and Business Rates
Value of the company Christmas hamper Deductibility VAT Business Revenues Deductible Rate
Less than or equal to €50.00 (taxable) The cost will be fully deductible 100% VAT deductibility Less than €10 million 1,50%
Greater than €50.00 (taxable) - VAT is entirely included in the deductible cost Greater than €10 million and less than or equal to €50 million 0,60%
Greater than €50.00 (taxable) - VAT is entirely included in the deductible cost Greater than €50 million 0,40%

3. Taxation for employees according to Italian legislation

As far as employees are concerned, company Christmas hampers could be considered as employment income, subject to taxation. However, the art. 51 of the TUIR establishes that if the value of the gift does not exceed €258.23 in the year, it is not subject to taxation. This is why it is essential to choose carefully, preferring, for example, Sicilus corporate Christmas hampers.

4. Taxation for collaborators, suppliers and customers

For collaborators, suppliers and customers, the situation is slightly different. Although they do not fall into the category of employee income, maintaining the limit of €50 (excluding VAT) is recommended to guarantee the deductibility of the expense.

Bonfissuto Christmas panettone

5. Why choose Sicilus corporate Christmas hampers?

In addition to ensuring compliance with Italian tax regulations, by opting for Sicilus corporate Christmas hampers, you have the freedom to customize every detail according to the customer's budget and preferences. Sicilus' offer ranges from a vast range of products, from artisanal panettone to local wines and liqueurs, passing through traditional Sicilian desserts. If you are not sure which one to choose or want a particular combination, our customer service is available to guide you in the optimal choice, ensuring that each corporate Christmas hamper best reflects your expectations and those of the recipients.

You will then be able to create your own personalized corporate Christmas hampers:

  • completely independently, using our online creation service for yours gift box
  • through our Customer Service: on Whatspp (+39 320 3554877), email info@sicilus.com or by calling + 39 0933463562

 



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