Jurgen De Vreese
Already in November 2022, the federal government reached a wage agreement for the period 2023-2024, deciding that there was no room for a wage cost increase on top of indexations or baremic increases. Thus, the wage norm was set at 0%.
However, to accommodate the reboot of the economy after the energy crisis, companies in sectors that are doing well can grant a purchasing power premium to their employees, similar to the corona premium in 2021. This legislation was published on 28 April 2023.
The following points are important:
|What?||A (para)tax-advantaged premium in the form of a paper or electronic consumption voucher that can be awarded once to employees.|
|Which employers?||The employer whose company achieved (exceptionally) high profits in 2022.|
|How to allocate?||
Possibly further clarification of the concept of "company" (e.g., legal entity or technical business unit) will be provided at the sectoral level. In any case, it is therefore advisable to wait for the sectoral negotiations before taking steps at company level to avoid contradictions with sectoral collective bargaining agreements or exceeding the social security ceiling.
A lower amount may be provided at the sector or company level.
|Duration||The purchasing power premium can be granted from 1 June until 31 December 2023 and has a limited validity until 31 December 2024.|
|What can the premium be spent on?||
|Taxation and social security?||
Note that the tax and social treatment has yet to be further finalized into law.