Flexible remuneration is based on offering employees part of their annual remuneration in the form of a series of goods and services that may represent up to 30% of their gross fixed salary, through an express agreement to modify or novate their salary conditions.<\/p>\n\n\n\n
Let's take a look at the Personal Income Tax Law. This name is used to designate Law 35\/2006, of 28 November, on Personal Income Tax and partial modification of the laws on Corporate Income Tax, Non-Residents' Income Tax and Wealth Tax. Let us turn to article 42.<\/p>\n\n\n\n
It defines what the income in kind<\/strong>. Let us translate the legal text into the language of mortals: it is the use, consumption or obtaining of any good, right or service that the company offers for free or for a lower price than it would pay on the market, as long as it is for the private use of the employee, and as long as the company does not directly give the money so that the worker can acquire it for himself, because in that case it would be monetary income.<\/p>\n\n\n\n