The most sustainable and convenient way to manage meal vouchers
Coverflex is the first sustainable solution in Italy for companies, employees, and merchants. No commissions, 100% digital and with the best experience for all.
Companies decide the voucher amount to give to their employees – up until 8€ per working day is tax-free! – and employees can save on taxes too. The 4% VAT amount is also fully deductible.
The values on the support image are merely average percentages. The exact values depend on the CCNL (excludes TFR, 13sima and 14sima cost estimates).
for companies
Self-service and online process
Simple and quick to implement – no intermediaries, no bureaucracy! Register your company, define the meal vouchers amount and add your employees. Once done, they receive their Coverflex debit cards and you just need to top them up.
for partite iva
Time and money saving
Partite IVA can use food vouchers, which are 75% deductible and 10% VAT deductible up to a maximum amount of 2% of total turnover. Thanks to our self-service, registering and ordering your Coverflex card is quick and easy.
No more transactions using several meal vouchers and personal cards separately. With Coverflex, users get one app and one single debit card with which they can use their meal vouchers.
for employees
Odds say your bill won’t be a round number. Now you can finally cover those extra cents!
Your meal vouchers don’t cover the bill? Don’t worry! With the Coverflex debit card you can pay the difference automatically in one single transaction.
let us explain how
Choose the amount you want to add to your Coverflex credits using a debit or credit card
Pay your bill using only your Coverflex debit card. Say goodbye to extra coins, cards and paper meal vouchers.
We’ll use the maximum number of meal vouchers available and cover the rest with your credits.
If you spend all your meal vouchers, wait for next month to keep swiping your orange debit card.
Our approach to the market
The first buono pasto with no commissions for merchants
We’re making high commissions a thing of the past. Actually, we’re getting rid of them entirely! We charge no comissions to merchants and they get paid immediately.
No more requesting for budgets, negotiations or waiting times: just register with total autonomy and start using our product!
Available online and offline with a growing network of merchants
A hyper-growing network of restaurants, supermarkets and online delivery services where Coverflex users can spend their meal vouchers.
A voucher card and an app per employee
A single smart voucher card and an app that allows the employee to manage their meal vouchers by the second.
Automatic bill splits
Users can pay their full bill in one transaction using only their Coverflex meal voucher card and the innovative Coverflex credits solution.
Dedicated network of discounts
A growing network of discounts in places where Coverflex Meal can be used.
FAQs
What are meal vouchers?
Meal vouchers are a tool provided by the company to its employees, which can be used for buying lunch, shopping at the supermarket and online food delivery. They are a solution suitable for all companies, from freelancers to large companies, and it can be offered to all employees, either working remotely or at the office. Thanks to its fiscal advantages, meal vouchers are a simple and convenient way to give a tangible benefit to your team: * Meal vouchers do not contribute to the overall income; * Digital meal vouchers are fully deductible up to €8.00 per voucher; * A 4% VAT rate is applied to meal vouchers. This amount is also fully deductible.
Coverflex meal vouchers are the simplest solution on the Italian market as they can be used in a large network of supermarkets and restaurants, both physical and online.
Coverflex meal vouchers are loaded by the company every month, on the Coverflex debit card. Meal vouchers guarantee numerous tax benefits for both the company and employees. They are 100% deductible with 4% VAT - this amount is also fully deductible for companies. For freelancers, they are up to 75% deductible with 10% VAT, which is also deductible. Moreover, they are exempt from personal income tax and social security tax up to the exemption threshold of €8.00.
How do Coverflex meal vouchers work?
Coverflex meal vouchers are the simplest solution for companies and employees in the Italian market. The meal vouchers are issued through a rechargeable debit card, which allows employees to buy lunch or groceries at supermarkets, both in physical stores and online.
Companies can recharge the debit cards using the web portal or the Coverflex app and, in a few clicks, the employee will have their monthly balance available.
The debit card works in a wide network of partners throughout the national territory.
All employees can have access to meal vouchers, whether they are full or part-time employees or work with a collaboration contract. The employer is not obliged to offer meal vouchers to employees but they are certainly an excellent way to improve corporate welfare and meet the needs of the employee, the most important resource within a company.
Can Coverflex meal vouchers be given to freelancers or people with sole proprietorships that have a VAT number?
Yes. Coverflex meal vouchers are fit for freelancers and sole proprietorships with a VAT number. The vouchers allow to deduct the amount of the purchase of meals and groceries, both online and at the stores.
What are the deductions and deductions for meal vouchers?
With Coverflex meal vouchers, companies can recover the amount regarding the incurred expenses, since the VAT paid will be fully deductible.
The law regarding hotel services and the sale of food and beverages provides for the possibility of deducting 75% of expenses and deducting all VAT at 10%, up to a maximum amount equal to 2% of turnover.
Is there a default amount for Coverflex meal vouchers?
There are no default amounts. The amount can be chosen by each company or freelancer according to their needs.
The tax exemption threshold is €8.00, as introduced by the 2020 Budget Law (Legge di Bilancio). The company or freelancer can choose to provide a meal voucher amount that’s higher than the tax deduction threshold, but the amount over €8.00 is subject to taxation.
What are the advantages of Coverflex meal vouchers?
Coverflex meal vouchers allow all companies and freelancers to obtain tax benefits. All you need is a VAT number.
With Coverflex meal vouchers, companies can recover the amount regarding the incurred expenses, since the paid VAT will be fully deductible. Companies can deduct 100% for direct tax purposes with 4% VAT, which is also fully deductible. Freelancers can deduct 75% for direct taxes. There’s a VAT of 10%, which is fully deductible up to a maximum amount equal to 2% of turnover.
Furthermore, the amount of meal vouchers will not constitute employment income for the beneficiaries. This means that it will be exempt from tax, social security and welfare contributions, up to the total amount of €8.00 per day per person.
Coverflex offers a web platform and a mobile app (for Android and IOS) that allows for the management of balances independently.
At Coverflex we know your bill probably won’t be round. This is why, in addition, it is possible to add extra credits to your account to pay the missing sum when the meal vouchers do not reach the total amount. All in a single transaction, without having to use a second card or cash!
How much does it cost to activate Coverflex meal vouchers?
To be able to join Coverflex, the company pays 5 euros per employee on a monthly basis. If the subscription is annual, Coverflex gives away the cost of the card. Furthermore, at no additional cost, Coverflex’s customer support team is available for personalised onboarding when activating Coverflex services with employees and to answer any questions that the company or employee may have during use.
How can I activate Coverflex meal vouchers for my company's employees?
Coverflex offers flexible solutions for modern businesses. This means that you can activate your Coverflex account in a few steps with total autonomy, using this link. We encourage you to book a personal consultation with our team: you can click here to do so.