A tax advisory group has stated its agreement with the Czech tax authority (General Financial Directorate (GFD)) on the value added tax (VAT) treatment of benefit cards.
Benefit cards enable their holders to acquire pre-defined benefits from pre-defined benefit providers; however, the specific benefit and its provider are selected by card holders themselves. In most cases, benefit cards represent non-monetary components of remuneration paid to employees who, after submitting their cards, may make certain purchases of goods or services such as access to selected sports centres.
Source KPMG
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