As two major sports competitions are looming in France, the Government has decided on certain arrangements to allow as many people as possible to attend. As reported Le Figaro, the executive announced, Wednesday, January 11, “expanded possibilities for the allocation of vouchers and gifts in kind excluded from the basis of contributions and social contributions”. Concretely, employers and CSE who want to offer tickets for the 2023 Rugby World Cup and the 2024 Olympics to their employees will not be subject to social security and tax deductions.
In addition to tickets for sports competitions, this will also concern “vouchers and gifts in kind dedicated (associated services, transport, accommodation, various gifts, etc.) for these events”, said Bercy in its press release. With these exemptions, the Government intends to “encourage the broadest public participation”.
Non-taxable up to 917 euros
Considered by Urssaf as “benefits granted by the employer in return for or on the occasion of work”, gift certificates and other purchase vouchers are usually subject to social security contributions and contributions. Unless the amount of these “gifts” does not exceed 5% of the monthly social security ceiling (PMSS), i.e. 183 euros in 2023. In the case of the 2024 Olympic Games and the Rugby World Cup, the vouchers purchase can go up to 25% of the PMSS, or 917 euros, specifies Le Figaro. Beyond that, employers will be taxable on the part that exceeds the ceiling.