TIP TAXATION – Necessity or Inconvenience?

Irimescu Alina Mihaela () and Dumitru Graziella Corina ()
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Irimescu Alina Mihaela: The Academy of Economic Studies, Bucharest Accounting and Management Information Systems Faculty
Dumitru Graziella Corina: The Academy of Economic Studies, Bucharest Accounting and Management Information Systems Faculty

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 1, 936-939

Abstract: Tips have been, lately, the subject of broad discussions and debates in political, economic and commercial environments. The present paper intends underline several aspects related to gratuities. First, we will try to highlight the advantages and disadvantages of tips regulation. Then we will illustrate the accounting and tax treatments corresponding to each of the two policies business owners can choose from, with respect to the recipient of the tips: the economic operator or the employees. We will also review the penalties that can be expected for non-compliance with regulations on charging the tip on the bill. Furthermore, we will illustrate the approach other countries have towards tipping. We trust that you the novelty of this subject will intrigue you and stir you interest for reading further.

Keywords: tip; receipt; the advantages of tip regulation; disadvantages of tip taxation; contraventions. (search for similar items in EconPapers)
JEL-codes: M (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xv:y:2015:i:1:p:936-939

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