All about Ticket Restaurant taxation

We tell you everything you need to know about the taxation of Ticket Restaurant® Ticket.
The amounts that a worker receives as social benefit (Ticket Restaurant, in this case) have at their disposal tax benefits. In this way the amounts earmarked for vouchers and meal cards are exempt from personal income tax, provided that the legal requirements are met. The Ticket Restaurant® purchase This means significant savings and benefits for the company's employees.
With regard to the social security contributions of these amounts, it is important to know that it is compulsory to pay contributions for them and that they are reflected in the pay slip.

How to comply with current legislation?

To adapt to the regulation you must include in the payroll The amounts you provide as social benefits (e.g. meal allowances, transport allowances, childcare allowances). These amounts have to Social Security contributions, and are as follows exempt from personal income tax for the employee (up to €11/working day).

What advantages does the company get with Ticket Restaurant®?

• Deductible at 100% for corporation tax.
• Simplifies and eliminates administrative costs for the management of food expenses (single invoice).
• Compliance with the law by easily obtaining reports to reflect these expenses in payroll.
• It increases motivation and therefore productivity, offering the worker a much-appreciated help.

What if I am self-employed?

The single invoice of Ticket Restaurant® Ticket makes it easier for you to manage and control your food expenses during your daily activity.
On taxation:

• Expenditure must be supported by a corresponding document or invoice.
• They must also be accounted for.
• They must be charged in the year in which they accrue.

What advantages do employees get with Ticket Restaurant®?

• Daily savings, as the amount is exempt from personal income tax up to €11/day. It is also compatible with flexible remuneration plans.
• Ease of management and time saving.
• Search for restaurants by mobile phone and instantly check your balance and movements if you use the card option.

Let's look at an example: Let's assume that the employee spends €9 a day on food, for 20 working days during 11 months of the year. This gives us an expense of €1,980. This gives a total of €396.00 exempt from personal income tax using Ticket Restaurant® Ticket.