Private Employees Union: Vouchers and Prepaid Cards in Lieu of Pay a Form of Tax Evasion

Monday, January 30th, 2017
Last Update: 20:16

The Federation of Private Employees of Greece (OIYE) on Monday condemned the practice of offering employees gift vouchers for use in supermarkets and diners, in lieu of regular salary. The union said that companies, including large firms, were illegally replacing pay with vouchers and presenting this as a way to incentivize workers and improve their living standards when, in fact, it was a way to evade taxes and social insurance contributions.

It also criticized the companies accepting such vouchers, which it said were chiefly used to replace various categories of overtime pay.

It equally condemned the newly-introduced tactic where companies that had transferred their base to Bulgaria then hired employees in Greece as a foreign firm, with pay arriving in the form of a prepaid card linked to a Bulgarian bank account, thus sidestepping Greek social insurance payments entirely.(source: ana-mpa)

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