Exempt work income in kind
Regulations: Art. 42.3 Law Income Tax
The following income from work in kind are exempt from IRPF :
- a) Deliveries to employees of products at discounted prices that are made in company canteens, canteens or social commissaries
- b) Use of assets intended for the social and cultural services of the employed personnel
- c) Expenses for health insurance
- d) Provision of certain educational services to the children of employees of authorized educational centers
- e) Amounts paid by the company for the collective transportation of its employees between their place of residence and the workplace
- f) Delivery to workers of shares or participations of the company itself or of other group of companies