{"id":30229,"date":"2023-10-20T11:18:23","date_gmt":"2023-10-20T09:18:23","guid":{"rendered":"https:\/\/www.swibeco.ch\/?page_id=30229"},"modified":"2026-01-19T11:31:21","modified_gmt":"2026-01-19T10:31:21","slug":"applicable-legal-framework","status":"publish","type":"page","link":"https:\/\/www.swibeco.ch\/en\/applicable-legal-framework\/","title":{"rendered":"Gifts – Applicable legal framework"},"content":{"rendered":"
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What are Gifts<\/em>?<\/h2>\n\n\n\n

Gifts <\/em>are an amount offered by the employer to be redeemed exclusively on the Swibeco platform, in accordance with our General Terms and Conditions<\/a>.<\/p>\n\n\n\n

When an employer offers Gifts <\/em>to its employees, they are considered gifts in kind.<\/p>\n\n\n\n

Applicable legal framework<\/h2>\n\n\n\n

At this point, the question arises as to whether these gifts are subject to (1) social security (employer and employee) and (2) income tax (employee).<\/p>\n\n\n\n

1)<\/strong> Social security:<\/strong> according to the \u201cDirective on the determining salary in the AHV, IV and EO\u201d of the Federal Social Insurance Office (hereinafter the \u201cDirective\u201d), point 2158 1\/26 states that the situation is regulated as follows (non-official translation):<\/p>\n\n\n\n

“Gifts in kind.<\/strong> These are benefits usually granted on special occasions, such as Christmas and New Year’s Eve, or as a one-off reward for exceptional performance or special tasks, whose total value does not exceed CHF 600 per year. The decisive value is the cost price for the employer. Gifts in gold or silver (including coins and ingots) and in WIR currency are considered gifts in kind. Cash gifts are treated as gratuities and form part of the relevant salary.”.<\/p>\n\n\n\n

The Directive does not exist in English. However, it can be consulted in German, French, or Italian below.<\/p>\n\n\n\n