Definition
Retribución en especie (Spain)
Spanish tax category for in-kind benefits. Gift cards are exempt up to €1,000 per year provided they are non-redeemable for cash and part of a social policy.
Under article 42 of Spanish IRPF, specific exemptions apply to in-kind benefits. For gift cards the general rule is: up to €1,000 per year tax-free, provided the card is non-redeemable for cash.
Meal vouchers and childcare vouchers carry their own caps. A 'cesta de Navidad' (Christmas hamper) is treated as an in-kind benefit and falls under the same rules.
Document the programme as part of the compensation framework or a social policy — otherwise it gets reclassified as wages.