Corona bonus of up to 1,500 euros still tax-free - but an important deadline is about to expire
Created: 01/28/2022, 11:00 am
By: Anne Hund
Employers can pay their employees a bonus of up to 1,500 euros tax- and social security-free or grant it as benefits in kind.
© Monika Skolimowska/dpa
Employers can pay their employees a tax-free special payment of up to 1,500 euros.
Find out more about the current regulation here.
Employers can voluntarily pay their employees a
Corona
bonus*
of up to 1,500 euros tax and social security
- free
or grant them as benefits in kind.
The special benefits that employees receive
between March 1, 2020 and March 31, 2022
are recorded, according to the taxpayers' association of the German Press Agency (dpa).
Also read
:
Corona bonus, child allowance, minimum wage: That will change in 2022 when it comes to money.
Tax-free Corona bonus until March 2022
If such an
extra premium is intended for employees
, it should be granted to them as soon as possible.
Because
from April 2022, taxes and social security
contributions will be due again, as dpa reported in December.
"If the Corona bonus is not credited to the employee's account until April 2022, the tax exemption no longer applies," the wage tax aid association United Payroll Tax Aid (VLH) also informed on its website.
Also interesting:
Important for taxpayers: This is how you save a lot of money at the turn of the year 2021/2022.
Extra bonus must not replace wages
An important prerequisite for the
tax-free Corona bonus of up to 1,500 euros by the deadline in March
is that it is granted in addition to the wages that are already owed. In other words: the paid
bonus must not replace wages
. If the employer wanted to pay a higher amount, employees would have to pay tax on the difference, according to the portal
stuttgarter-nachrichten.de.
Anyone who
has several employment
relationships can receive the Corona bonus of up to 1,500 euros for each employment relationship - even within a calendar year, as the VLH had also informed.
If the bonus is paid in kind, the employee should confirm in writing the time of receipt.
(ahu) *Merkur.de is an offer from IPPEN.MEDIA.
