These are some of the conclusions of the Impact Study of Food Vouchers and Cards presented by Hospitality of Spain, the Spanish Confederation of Business Organizations (September 2019 calendar To Print), and the Spanish Association of Food Vouchers and Other Services (Aeevcos). The report prepared by the consultant Roland Berger analyzes the impact that would have to recover the tax exemption of the Social Security contribution of vouchers and food cards, as long as they do not exceed 11 euros a day, a measure contemplated in the proposed non-approved law on November 14, 2018 in Congress and which was in force until 2013. In the generation of employment, the report contemplates the creation of 14,424 permanent jobs in a period of five years, which would almost double the number of employees that have already been created by spending on meals with vouchers. At present, the industry generates 22,000 employees, 15,000 of them in the catering sector.
September 2019 calendar To Print
“Employment would be generated at a rate eight times higher than with current taxation, we are also talking about a stable employment and detached from the seasonality of tourism,” said the general secretary of Aeevcos, Juan Menéndez-Tolosa. In macroeconomic terms, it would mean a positive balance for the collection of Social Security in net terms, since the income generated by the new jobs would represent an additional 441 million euros to the current collection, which stands at 541 million euros. The report also shows a zero cost for the Administration of the implementation of the measure.
In this line, the industry foresees the achievement of 280,356 new users in five years. In fact, the report states that it would be enough if 22%, that is, 102,637 beneficiaries, would be obtained during the first year, to guarantee the balance in the Social Security system. For this, the industry is committed to making a greater commercial effort by increasing marketing investment by 40% in the first year to maximize growth and the impact of the measure “explained Menéndez-Tolosa. According to estimates made (based on an September 2019 calendar To Print of 25% and an average salary), if an employee used vouchers and food cards every day from Monday to Friday, he would save an average of 432 euros per year.