Law and data protection
ZAG
Abbreviation for Zahlungsdiensteaufsichtsgesetz
In short and in plain language
The ZAG is a German law on payment services.
It sets out how the state supervises such services.
It also matters for vouchers from an employer. For tax, they only count as non-cash pay under rules of this law.
Definition
The ZAG is the German Payment Services Supervision Act. It governs the supervision of payment services and e-money business. Employer vouchers and cards only count as a benefit in kind for tax if they meet certain criteria of this act.