Suspicious incentives

Business Money
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So my friend’s company started to give their employees random gifts, related or not to their performance. For example my friend got like 4,000 NT as “bonus” the other week BUT… and this is the interesting part, she needs to give the company all the receipts of the stuff she buys with that money.

I have the feeling that this is something to do with taxes and perhaps money laundry but I don’t really see much benefit on doing it. I mean, they are not going to get much money back from the government and as for money laundry, again I don’t really know how it works but it should be more like to make up bills you supposedly gave to your customers, not bills of money you spend on providers…

Still that company does every dirty trick they can so I just find it fishy.

Any thoughts?

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Nothing to see here my friends. Why can’t a laoban do something nice for his employees without everyone jumping to some negative conclusion.

You should delete this post. 100% nothing illegal is happening here. You can trust me. I would never do anything to hurt my fellow citizens.

T.Taiwan laoban
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Maybe they wants the receipts so they can win the receipt lottery thing. Lol

Yeah, that seems super sketchy. What type of business is it?

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tell her to give her boss a receipt of the money being deposited into her bank account or post office account.

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I guess you friend also need to correspond his/her company number at every purchasing to include it in the receipts. BTW such receipts cannot participate in the lottery.

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Honestly, the company probably just wants to lower its VAT and income tax burden. The VAT of any item that is purchased in the company’s name can be offset against the VAT the company has to pay to the government. And higher expenses = lower income tax.

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English Horse got caught for this, his secretary took the blame.

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Yeah, Ok, but… at what expense? they have to spend more money than what they get in return. Don’t get it.

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I guess @rooftopclown hit the nail in the head. My company did the same for the WeiYa prizes.

As for why your friend got a gift, maybe she just deserved…:idunno:

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Guess they’ll have their reasons, though I can only speculate about what those would be. Maybe they can get away with lower salaries (and lower health and labour insurance payments) by paying incentives instead. Maybe people were leaving so they feel pressure to pay better or give bonuses. Maybe they completed an important project and want to reward the team for working overtime. Maybe the boss is a nice guy. Maybe the boss is on K. Could be anything really.

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Companies get audited based on gross income and cost ration. Business type in the top line of their list of products/services being the variable.

Read that however you like, but its no secret not even.to the tax guys. In fact basic tax style of deducting cost from sales to calculate tax is actually called “audit”. Fun stuff.

Businesses need more receipts, legal ones, to prove a business has costs and is thus, by proxy, legitimate :slight_smile:

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I read it twice and I’m still not sure what you mean.

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It would be easier for the company to just by vouchers from retail companies like Carrefour.