This card’s main advantage is tax savings for the company and employees, accounting for the tax framework applicable to the meal allowance.
Under current legislation, the meal allowance, when paid together with wages, is treated as taxable income to the extent that it exceeds the legal limit established for the State (currently € 4,77). However, when paid through meal cards/vouchers, only the value that exceeds € 7,63 is treated as taxable income, representing an annual benefit per employee of € 164,38.
The Ticket Restaurant Card can be used in a vast national network of restaurant and/or food industry establishments (restaurants, cafeterias, hypermarkets, supermarkets and other retail food stores) that participate in Ticket Restaurant.
For more information, please go to any BPI Branch or Corporate Centre or contact us.