Thus, the maximum limit is of 6 minimum gross base salaries applicable in Romania, meaning 6.300 lei (1.400 Euro)/ per employee. There is a certain threshold concerning their value you need to respect, for them to be fiscally advantageous. This approach makes vacation vouchers a voluntary / optional benefit in kind. You, as employer have the power to decide if you want to grant them to your employees or not, as you will be paying and the employees will benefit from them. Starting 2015, vacation vouchers are issued solely by Romanian National Authority for Tourism, in online system (format) and can be used only in those resorts that are accredited by the Romanian National Authority for Tourism. The process of granting them is a simple one and can bring back to you as employer a proactive working environment with positive employees, thus a higher retention and engagement level inside the company. This type of vouchers is considered as a strong employees’ motivation tool, thus the benefit in kind is inserted into the C&B (compensation & benefits) plan of many Romanian companies. All Romanian companies are eligible for granting this benefit in kind, once per year for each active employee, with minimum taxation treatment applied of 16% income tax. Vacation vouchers represent vouchers that can be granted by Romanian established companies to their employees, for vacation purposes inside Romanian territory. During the 7 years the benefit was „on the market”, few changes have been inserted into its granting procedure or taxable treatment. They are benefits in kind available for Romanian established companies and their employees starting February 2009.
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