The Limited Times

Now you can see non-English news...

Corona bonus: Under this condition, the bonus payment remains tax-free

2021-11-19T07:34:21.384Z


Some employees receive a bonus payment from their employer as a result of the corona pandemic. Do you have to cede any of this?


Some employees receive a bonus payment from their employer as a result of the corona pandemic.

Do you have to cede any of this?

Some employers voluntarily pay their employees a so-called

Corona *

premium

.

Is the bonus payment tax-free or do employees have to give up some of it?

There is a limit: the premium is tax-free up to a maximum of 1,500 euros.

It does not matter whether the

payment is made

monthly or as a one-off payment, as the

Stuttgarter Nachrichten describes

in its online edition.

In this way, the employer can also split the tax-free bonus - the main thing in any case is that the total of 1,500 euros is not exceeded.

Corona bonus: Tax-free 1,500 euros in addition to wages

"If the employer wants to pay a higher amount, employees have to pay tax on the difference," as the portal

stuttgarter-nachrichten.de

reports.

Another requirement for the

tax-free Corona bonus of up to 1,500 euros

is that it be granted “in addition to the wages owed anyway”.

In other words: the paid bonus must not replace wages.

Also

read

: Important for taxpayers: How to save a lot of money at the turn of the year 2021/2022

Corona bonus tax-free until the end of March 2022

Employers have been

able to

pay

their employees such a

tax-free corona bonus of up to 1,500 euros

since March 2020

- the regulation had in the meantime been extended to March 2022. For example, if a company paid its employees a corona bonus of 1,000 euros in 2020

,

a bonus of 500 euros

can now be

granted

until March 31, 2022

, as the German Press Agency (dpa) clearly shows using an example made. However, anyone who has already received 1,500 euros as a corona bonus from their employer in 2020, for example, cannot receive another tax-free payment this year or next. Good to know: Who has 

two or more employment relationships

with a 

different employer

 have, are allowed to receive the bonus of up to 1,500 euros for each employment relationship - even within a calendar year.

The money can be paid out to full-time or part-time employees, as the online edition of the

Stuttgarter Nachrichten

also described, as well as to mini-jobbers.

"The employment remains a 450-euro mini-job, since the special payment is a tax-free and social security-free benefit," as the mini-job center had informed on its blog (as of June 10, 2021), among other things.

Also interesting:

employees can expect that much Christmas bonus in 2021

When do taxes for the corona premium become due?

What will apply to employees if the regulation expires at the end of March 2022?

Even after that, employers are still likely to pay out bonuses, according to the report on

stuttgarter-nachrichten.de

(as of October 19);

“These then have to be taxed if the deadline is not extended again”.

(ahu) * Merkur.de is an offer from IPPEN.MEDIA.

Source: merkur

All life articles on 2021-11-19

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.