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Tax-free Corona bonus: The regulation is still valid until March 2022

2022-01-28T09:29:04.433Z


Tax-free Corona bonus: The regulation is still valid until March 2022 Created: 01/28/2022, 10:15 am By: Anne Hund The Corona bonus is tax-free until March 31, 2022. © Daniel Karmann/dpa (archive image/icon image) 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.  Employers can voluntarily pay their employees a Corona


Tax-free Corona bonus: The regulation is still valid until March 2022

Created: 01/28/2022, 10:15 am

By: Anne Hund

The Corona bonus is tax-free until March 31, 2022.

© Daniel Karmann/dpa (archive image/icon image)

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. 

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.

Source: merkur

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