The government has decided to introduce the so-called Christmas bonus of €100 for this winter, a contribution initially planned for the thirteenth salary but later postponed due to budgetary constraints. There are requirements to be eligible for this economic support: the bonus is exclusively intended for workers with a gross annual income of no more than €28,000, who have at least one dependent child for tax purposes, and also a dependent spouse who is not separated. However, the benefit will not be granted to all workers who meet the requirements, since the funds allocated by the government only cover the granting of the bonus to around one million people.
The contribution will be paid in December 2024, together with the salary and the thirteenth salary, but it will not be automatically credited to the paycheck. In fact, it will be necessary to submit a written request to your employer, in which the applicant must declare that he/she meets the income and family requirements established by law. The request must also include the tax codes of the spouse and dependent children, to facilitate verification.
The Christmas bonus will be paid net, without any additional taxation, and the amount will not be taxed nor will it affect the worker’s taxable income. However, the amount of the bonus may vary depending on the number of days worked during the year. For example, someone who worked only six months will receive 50 euros, while someone who worked two thirds of the year will receive around 66 euros.
Source: IL Tempo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
