The Ministry of Finance is working on an amendment to the Income Tax Act, which is intended to simplify the provision of contributions to meals in preferential tax treatment. The existing law is to be supplemented by a so-called meal voucher lump-sum amount, which will allow the employee to receive money for meals instead of meal vouchers (“stravenky”).
According to the Ministry of Finance, one of the reasons why some employers do not use meal vouchers is too complicated administration. Another should be high fees for meal vouchers companies. At present, about 1 million employees do not receive any meal allowance.
“We want to give a million people the opportunity to benefit from meal allowances. At the same time, I see no reason for our small and medium-sized enterprises to finance the profits of foreign corporations that have their business built on the sale and purchase of a parallel currency. And not to mention the fact that a meal voucher that is unused becomes the net income of such a meal voucher company,”
says Alena Schillerová, Minister of Finance.
The plan will go through the classical legislative process, the proposal is due to be prepared at the beginning of next year at the latest and is planned to become effective from 2021.