This article will answer your main questions regarding the Public Transportation Benefit that will allow you to save tax on your daily trips.
Summary:
What is this benefit and what is the associated tax exemption?
The Public transport benefit allows you to pay for train, metro or bus trips. Your balance to spend on transport comes from your gross salary as flexible retribution.
Public transport expenses are exempt from IRPF up to 136,36€ a month and 1.500€ a year. The amount spent each month is deducted from your gross salary during payroll.
What expenses are considered?
Both monthly or seasonal travel passes and one-off tickets, for trains, metro and buses.
Flights, fuel, private transports such as taxis and VTC, scooters, bicycles, and car sharing services can’t be considered as Public transport expenses.
Where can I use this benefit?
You can pay for travel tickets with your Coverflex card wherever Visa is accepted: online, in ticket offices or self-service machines.
Why don't I have this benefit available?
Because your company hasn’t included this benefit in your compensation package. Companies can choose which benefits are available for employees and which ones are not.