In the case of you providing meal help to your employees via Setcard, you are exempted from SSI employer shares, SGK Employee Premium, Income Tax and Stamp Tax. In this way, with Setcard meal card you can have a 100% tax advantage over cash payments made for meal. In addition to this, you can also make use of a VAT discount by showing the invoice with 8% VAT that you will receive from Setcard as an expense.
WHAT IS EXCEMPTION FROM INCOME TAX?
The daily meal cost in order to make use of the tax advantage for 2019 has been determined as 19TL + VAT (20,52TL). Tax advantage is not applied for amounts above this and if it is surpassed then an Income Tax must be paid.
In order to calculate the tax advantage that Setcard provides, please click here.