Overview

• From 1 September, fees charged by voucher issuers to private‑sector merchants are capped at 5%, aligning private rules with the public Consip standard.
• An amendment authored by deputy Silvio Giovine permits issuers to withdraw from employer contracts deemed untenable under the new ceiling.
• Transitional application reported: existing agreements were to adjust by 31 August, vouchers issued under old terms remain valid through 31 December, and full application is due by 1 January 2026.
• The face value of vouchers and tax‑exemption thresholds stay unchanged at €4 for paper and €8 for digital tickets.
• Issuers warn the cap could lift employer costs by about 6% (≈€180 million a year) and prompt budget reviews, while merchant groups expect relief worth up to €400 million annually.