Meal voucher exemption ceiling indexed on inflation
The 2020 Finance Act changes the indexation of the income tax exemption ceiling for employer contributions to meal vouchers: it now rises each year in line with the consumer price index excluding tobacco (October to October), instead of following the upper limit of the first income tax bracket.
Measure originators
No official estimate found for this measure.
Measure impact
Affects employees receiving meal vouchers and their employers: the exempt ceiling follows inflation from the taxation of 2020 income. The total tax expenditure for this exemption is estimated at €400m in 2020 for 4.2 million households; the specific effect of the indexation change is not costed.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si échec CMP
Joint committee
Désaccord éventuel
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)