Starting July 1st 2014, all the companies that pays to their employees Food coupons, will be able to make deductible these payments only if they disburse the food coupons through electronic debit cards authorized by the Tax Authority (SAT).
The Miscellaneous Tax rules for 2014 establishes the following; starting July 1st 2014 the Food coupons benefit for employees will only be deductible for Income Tax purposes (LISR) when the payment is made through the electronic debit cards authorized by the Tax Authority (SAT).
Among the requirements the electronic debit cards must comply we found the following: indicate is for food coupons purposes, just for use in Mexico, not tradable for cash, have the contract with the affiliated companies and customers with the necessary requirements, have a safe informatics system who allows to register name, Tax ID, CURP and Social Security Number for each employee, issue an electronic invoice or CFDI which should have an addenda with the disbursement detail made for each employee and the amount, among others.
In order to consult the authorized companies by the Tax Authority, you can visit the following link:
The food coupons is a very common benefit for employees, therefore it is very important that the companies take the necessary actions to be able to keep paying this benefit. The list issued by the Tax Authority with the authorized companies is extensive, we suggest you to analyze and choose the best option, as well as validate if the supplier has the necessary certification.
Please do not hesitate to contact us should you have any doubts or questions.