virkistyskustannukset

Virkistyskustannukset refer to the expenses incurred by an employer for employee well-being and recreational activities. These costs are generally categorized as employee benefits and can encompass a variety of offerings designed to promote employee health, morale, and team cohesion. Examples include the provision of gym memberships, organizing company outings or parties, sponsoring sports teams, or offering wellness programs such as massage therapy or mental health support.

In Finland, where the term originates, virkistyskustannukset are subject to specific tax regulations. There are legal limits on the deductible amount of these expenses for employers, and certain types of activities may be tax-exempt up to a certain value per employee. These regulations are in place to ensure that the benefits provided are genuinely for employee recreation and well-being and not disguised forms of salary. The purpose of these provisions is to encourage employers to invest in their workforce's health and satisfaction, which in turn can lead to increased productivity and reduced absenteeism. It is important for businesses to understand these regulations to correctly account for and deduct these expenses.