Taxation of gift cards

Perfect Finnish gift cards are tax-free gifts for staff when certain conditions are met. We have compiled information below on when you can give gift cards tax-free. If necessary, you can find more information on the Tax Administration's website.

A gift for an employee to commemorate a special occasion

A gift to commemorate an employee's special occasion is tax-free if the criteria listed below are met.

  • The employee is celebrating a round number of years (e.g., 40th, 50th and 60th birthdays).
  • It is the employee's wedding anniversary, anniversary of long service (10 years or more), or the employee is retiring.
  • The value of the gift is reasonable, i.e., no more than two weeks’ gross salary.
  • The gift is selected from a limited selection. The range of the gift card must therefore be limited to certain products or services.
  • The gift is chosen by the employer. A personalized gift card is tax-free because the employer has chosen to give a gift card provided by a specific company, even though the recipient can choose which product or service they want to redeem with the gift card.
For more information, see from the tax administration's website under the section 3.4.1.2.

A farewell gift for an employee

A farewell gift for an employee is tax-free if the criteria listed below are met.

  • The gift is the same and of equal value for the entire personnel.
  • The gift is given in a form other than cash or a similar monetary equivalent.
  • The value of the gift or gifts does not exceed €100 per person per calendar year.

Joona Heikkilä
Financial director
Innoflame Oy

A gift for the entire personnel

Gifts for the entire personnel are tax-free if the criteria listed below are met.

  • The gift is the same and of equal value for the entire personnel.
  • The value of the gift or gifts does not exceed €100 per person per calendar year.
  • The gift is selected from a limited selection. The range of the gift card must therefore be limited to certain products or services.
  • The gift is chosen by the employer. A personalized gift card is tax-free because the employer has chosen to give a gift card provided by a specific company, even though the recipient can choose which product or service they want to redeem with the gift card.
For more information, see from the tax administration's website under the section 3.4.1.1.

A gift for an employee to commemorate the employer's milestone or a company anniversary.

A gift for an employee to commemorate the employer's milestone or a company anniversary is tax-free if the criteria listed below are met.

  • The gift is smaller than the gift received by the employee on their own anniversary.
  • The gift is the same and of equal value for the entire personnel.
  • The gift is selected from a limited selection. The range of the gift card must therefore be limited to certain products or services.
  • The gift is chosen by the employer. A personalized gift card is tax-free because the employer has chosen to give a gift card provided by a specific company, even though the recipient can choose which product or service they want to redeem with the gift card.
For more information, see from the tax administration's website under the section 3.4.1.3.

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