New changes to the Corporate Income Tax Act provide for the issuance of electronic meal vouchers beginning January 1, 2024.
On July 27, the 49th National Assembly approved amendments to the Corporate Tax Law (Article 209a) to allow the issuance of electronic meal vouchers under Ordinance №7. Beginning January 1, 2024, employers will be able to order meal vouchers electronically, either in the form of a card or a purely virtual instrument. These vouchers will allow employees to pay for food at a broad network of merchants across the country.
The electronic meal vouchers are tax- and contribution-free up to the amount of BGN 200 per month per employee and can be redeemed at the terminals POS in the partner stores of the network of meal voucher operators. The requirements for employers remain unchanged: They must provide the same amount to all their employees, must not have public obligations subject to enforcement, and must not have reduced their employees' salaries in the last three months.
Digitization will modernize and streamline the process of using food vouchers, benefiting not only employers, but also consumers, merchants and voucher providers.
Here's what to expect until then:
We at Edenred Bulgaria have been preparing for this moment for a long time and we are ready to be one of the first to introduce the electronic meal vouchers within the given time frame.
If you are an employer/company and would like a quote for ordering food vouchers or cards click here
If you are the owner/manager of a retail outlet(s) and would like to receive an offer to connect your outlet(s) to Edenred Bulgaria's retail network, click here