The Spring Festival is approaching. What are the tax-related issues in obtaining subsidies for celebrating the Spring Festival in place and issuing employee benefits?

1

There will be a 19-day Spring Festival holiday, and more than 40 million yuan in travel subsidies will be issued

Binjiang Group's "Notice on the 2020 Spring Festival Travel Holiday" (hereinafter referred to as the Notice )’s second article clearly states, “The company encourages employees to travel with their families.”

This news was revealed as early as December 10th at Binjiang Group’s 100 billion-breaking media symposium. Chairman Qi Jinxing said with a smile, “Employees are encouraged to travel with their families. Those who do not will not be allowed to travel with their families. Give me reimbursement.”

The boss of a 100-billion-dollar real estate company has a 19-day Spring Festival holiday and still pays 50,000 yuan: This happens every year

The boss of a 100-billion-dollar real estate company has a 19-day Spring Festival holiday and still pays 50,000 yuan: every year All in this way

As you can see from the notice, the travel allowance is divided into two parts: rank allowance and seniority allowance. From employees to mid-level and high-level employees, they can receive rank allowances ranging from RMB 20,000 to RMB 50,000. For every additional year of seniority, the seniority allowance increases by 1,000 yuan.

In other words, no matter what, as long as employees become regular employees before January 21, 2020, they can receive a travel allowance of at least 20,000 yuan.

A Binjiang Group employee with 15 years of experience told the media that Binjiang Group has always been "generous" in terms of employee benefits. In the past, construction sites generally did not start work when the weather was cold, so the Spring Festival holiday in previous years was It's also relatively long. It's just that "this year, to celebrate sales exceeding 100 billion yuan, the holiday period is longer than in previous years."

According to Binjiang Group's annual report, the number of employees as of the end of 2018 was 1,248, including 711 employees of the parent company. If calculated based on the number of employees and the average level of subsidies in 2018, the company is expected to issue more than 40 million yuan in travel subsidies this time.

On the morning of December 25, relevant people from Binjiang Group confirmed the authenticity of the above notice, saying that the notice was issued by the administrative department of Binjiang Group on December 24.

"This is also the case in previous years. We would have 14 to 15 days off during the Spring Festival. This year there are indeed a few extra days because sales exceeded 100 billion and employees were encouraged to travel." said the person above. The notice shows that Binjiang Group's sales exceeded the RMB 100 billion mark in 2019. In order to share the achievements of RMB 100 billion, the above-mentioned vacation arrangements were made after study and decision by the board of directors.

The company's "generousness" in terms of employee benefits is also reflected in the fact that its chairman Qi Jinxing directly stated at a media conference that he would raise wages for employees.

2

Sales exceeded 100 billion, and profits were on a roller coaster

Although Binjiang Group was extremely excited about sales exceeding 100 billion, its operating income and profits have fluctuated. .

Hangzhou Binjiang Real Estate Group Co., Ltd. was established on August 22, 1996, with a registered capital of 311,144.389 (ten thousand yuan), and its legal representative is Qi Jinxing. The company has first-level development qualifications from the Ministry of Construction and is a national private enterprise. Top 500 companies. Binjiang Group was listed in 2008 and was the only real estate developer to enter the A-share market that year. In 2016, it was proposed to achieve the sales target of 100 billion at Binjiang speed.

According to its past financial reports, from 2016 to 2018, Binjiang Group’s sales were 36.68 billion yuan, 61.5 billion yuan, and 85 billion yuan respectively.

100-billion-dollar real estate company has 19 days of Spring Festival holiday and pays 50,000 yuan. Boss: This happens every year