[ad_1]
Currently, the employer can give up to BGN 60 per month per employee.
The deputies introduced amendments to the VAT Law
The company also wants to apply to hotels
The value of food vouchers, which the employer can give to his employees, to increase, foresees changes in the VAT Law, introduced by Valeri Simeonov and a group of deputies.
In them it is written that the employer can give up to BGN 100 per worker per month for a food voucher, and not up to BGN 60, as it is now. Currently, social expenses for vouchers are recognized as an expense for tax purposes in accordance with the Corporation Tax Law. Social security contributions and income tax are not charged on the funds.
The amount of 60 BGN was set in the law more than 10 years ago and later represented a significant part of the minimum wage, explain those who presented the changes. Remember that in 2021 the minimum wage will be 650 leva, so the vouchers will represent a very small part of it. At the same time, this system is one of the most suitable incentives for employers and their workers, as it reduces their tax costs and at the same time increases consumption during a crisis, the statement said. Most likely, every second employer will increase the number of vouchers they give out, which means that nearly 250,000 employees will receive BGN 100 each and the remaining 300,000 BGN 60 each. To do this, it is necessary to increase the annual quota from 350 million BGN to 500 million BGN, which should be fixed in next year’s budget, the proponents of the bill also suggest.
As “Trud” wrote, the company insists on increasing the number of vouchers, since the issue was discussed at the last meeting of the National Council for Tripartite Cooperation.
Another idea of entrepreneurs is with these vouchers to be able to buy not only food in the store, but also pay with them in a restaurant and even in a hotel. Thus, in practice, we will support tourism and catering, which are one of the most affected by the crisis, explained the president of the Bulgarian Industrial Capital Association Vasil Velev.
By law
They should not be at the expense of salary.
To be eligible for tax relief, coupons must be purchased from a licensed food stamp operator, available to all employees, and not at the expense of their pay. Furthermore, at the time of delivery of the vouchers, the employer should not have enforceable public obligations.
[ad_2]
