Belgium: approval passed for profitable companies to pay staff a purchasing power bonus

An article by Nathalie Tran

Publication

9 May 2023 à 10h31

Reading time

1 minute

Publication: 9 May 2023 à 10h31

Reading time: 1 minute

An article by Nathalie Tran

Publication

9 May 2023 à 10h31

Reading time

1 minute

Publication: 9 May 2023 à 10h31

Reading time: 1 minute

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Although workers will not receive any salary increases in 2023 and 2024 beyond those already linked to inflation, Belgium’s Council of Ministers has approved the possibility for profitable companies to pay employees a tax-free purchasing power bonus. The measure, published on 28 April in the official gazette (Moniteur belge), provides for a maximum payment amount of €500 to employees in companies that have shown healthy profits in 2022 and an even higher maximum of €750 in those having...

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Nathalie Tran Editor-in-Chief Mind HR

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