What does the new government have in store in terms of Reward?
Late Friday night, the negotiators for a federal government reached an agreement that established the framework for the next four years. Below, we highlight some key elements that may affect reward practices of Belgian employers. Several envisaged measures may require employers to rethink their current reward mix: Flexible Remuneration: a legal framework is expected which
Meal vouchers and non-recurring collective bonuses – Adjustment to maximum amounts
The Council of Ministers recently approved two draft Royal Decrees regarding meal vouchers and non-recurring collective bonuses. These Royal Decrees contain the following adjustments: The maximum amount of employer’ contribution for meal vouchers will be increased from 5.91 EUR to 6.91 EUR per voucher. Taking into account a minimum employee’s contribution of 1.09 EUR, the
Proposed change – Revisiting the meal voucher system
A recently introduced proposal to change the current meal voucher system in Belgium seeks to maintain the benefits of the current system, while eliminating the additional cost and administrative burden. The proposal suggests replacing meal vouchers with meal allowances. The conditions for benefitting from the advantageous tax and social security treatment would remain unchanged. Please
