Erzsébet Clothing Vouchers
A stylish solution
Erzsébet Clothing Vouchers can only be used within Hungary for buying clothing, accessories and footwear from service providers contracted to accept them, until 31 December of the year following the year of issue.
Erzsébet Clothing Vouchers ease matters for both employees and employers, as they provide employees with a 29% higher net benefit than if the same gross amount were paid as salary. The administration involved with clothing benefits is thus reduced, along with the resulting scope for error.
- A targeted employee benefit, with significantly easier administration;
- a practical solution for business gifts;
- can be given regularly or occasionally throughout the year;
- as a benefit falling into the category of “certain specific benefits”, it can be given to employees or partners with no limitations;
- the rate of payable taxes and contributions: 40.71%;
- available only in paper-based format;
- accepted by 4,000 businesses all over Hungary.
Erzsébet Clothing Vouchers come in a range of denominations, or as per specific requirements of employees or employers.
- Denominations available: HUF 300, 400, 500, 600, 1,000, 2,000 and 5,000;
- envelopes available for values from HUF 1,000 to HUF 50,000;
- ornamental envelopes are available (for an extra fee).
Areas of use