Tax allowances can vary depending on the country and its tax system. Native Teams offers a diverse array of tax allowances covering a wide spectrum of needs, including:
Personal Allowances: Designed to reduce the tax burden on individuals by allowing them to earn a certain amount of income tax-free.
Occasional Awards: Given for festive holidays like Christmas and Easter.
Illness Support: Provided for users on continuous sick leave for over 90 days.
Disability Support: Available for users with disabilities.
Work-related Allowances: Tax deductions or credits may be available for expenses directly related to employment, such as uniforms, professional memberships, or job-related training.
Jubilee Award: Offered based on years of employment to celebrate work anniversaries.
Work Result Bonus: Recognizes outstanding job performance.
Family Allowances: Native Teams provides allowances to support families, including child tax credits, dependent care credits, and marriage allowances.
Gifts for Children: Provided for Christmas and New Year's gifts for children up to 15 years old.
Newborn Benefit: One-time assistance for newborns' parents.
Death of a Family Member: Available to cover expenses related to a family member's death.
Daily Expenses: Certain daily expenses, such as commuting costs or meal expenses during business travel, may qualify for tax relief.
Daily Commute to Work: Helps recover expenses for travelling to and from work.
Meal Allowance: Monthly reimbursement for meal expenses.
Travel Expenses: Native Teams offers tax allowances for travel expenses incurred as part of business activities, including mileage allowances, lodging, and meals while away from home on business trips.
Daily Allowance: Provided during official trips within the country.
Daily Allowance (Abroad): Country-specific daily allowance during official trips abroad.
Business Trip with Personal Vehicle: Covers expenses for business travels using one's own vehicle.
These allowances may vary by country-specific tax regulations and rules of the jurisdiction where an individual resides. It's important for individuals and businesses to understand the specific allowances relevant to their circumstances and take advantage of them to minimise their tax liability legally.
Any questions? Feel free to contact support at support@nteams.com.