Corona premium is here!
Today, the rules on the corona premium have been published in the Belgian Official Gazette.
Between 1 August 2021 and 31 December 2021, companies that performed well during the corona crisis can grant employees a corona premium for the year 2021. Employees can use this tax advantageous premium (in the format of a consumption voucher) in a number of stores and establishments in order to support consumption and contribute to economic recovery. The premium is valid until 31 December 2022.
Under certain conditions (e.g. maximum 500 EUR per employee and granted by an industry or company cba or, in case there is no trade union delegation, an individual agreement), the corona premium is not subject to employee’s contributions. However, a special employer’s contribution of 16,5% is due.
The premium is exempt from personal income tax an fully deductible for the employer (gross = net).
Review your wage policy and check whether you can and, if so, want to grant this tax advantageous incentive to your employees.