THE CHRISTMAS BASKET, NOTHING COMES FOR FREE!!!
The Christmas gifts or Christmas baskets that the workers of a company receive pfor these holidays, are considered for tax purposes as income from work in kind.
If the company is in the habit of making this type of Christmas gifts to its employees, it will be a deductible expense in Corporate Tax, which in turn will entail income from work in kind for its employees and, therefore, the company will have to make the corresponding payment on account at the Treasury of the value of the basket or gift.
Likewise, the compensation offered by the company to its workers in substitution of the Christmas basket
ad tax as irregular performance.