Tax rules for corporate gifts
Are you or your company going to buy gifts for your employees, but are unsure of the tax rules? Basically, gifts to employees are taxable, but there are exceptions such as anniversaries and attention gifts. This means that, amoung other things, christmas gifts, summer gifts and easter gifts are tax-free in addition to wedding gifts, employees who retire and internal anniversaries.
We have gathered information for you below, do you have any questions? Feel free to contact us.
Occasion |
Explanation |
Sum |
|---|---|---|
|
No occasion |
A corporate gift given to employees in the company, such as a summer or christmas gift |
NOK 5 000 per year |
|
Employee retiring |
Company gift for an employee who retires |
NOK 4 000 |
|
Employee quitting |
If an employee resigns, the above pension rule does not apply The person must have worked in at least 10 companies |
NOK 4 000 |
|
Employee who marries |
Corporate gifts for an employee who is getting married |
NOK 4 000 |
|
Employee who turns 50, 60, 60, 70 or 80 years old |
Company gift for an employee who has an anniversary from the age of 50 |
NOK 4 000 |
|
The business has lasted for 25/50/75 years |
Anniversary gift |
NOK 4 000 |
|
20, 40, 50 or 60 years of service in the company |
General gift of NOK 8 000. A gold watch can have a value of NOK 12 000 |
NOK 8 000/NOK 12 000 |