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TIP TAXATION – Necessity or Inconvenience?

Author

Listed:
  • 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)

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.

Suggested Citation

  • Irimescu Alina Mihaela & Dumitru Graziella Corina, 2015. "TIP TAXATION – Necessity or Inconvenience?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 936-939, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:936-939
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    More about this item

    Keywords

    tip; receipt; the advantages of tip regulation; disadvantages of tip taxation; contraventions.;
    All these keywords.

    JEL classification:

    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics

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