Individual Tax Alert (28/11/2012)
Non-recurring result-tied bonus update
It has been 5 years since the non-recurring result-tied bonus was implemented by the Belgian government through CBA 90.
With this non-recurring result-tied bonus, employers can grant to all or part of their employees a yearly net bonus which, under specific conditions (i.e. collective bonus, limited to a fixed amount, administrative formality, etc.), is exempt from income tax and is only subject to a unique social security contribution of 33% paid by the employer.
Click on the below link to view and download the full alert article.
Full article (click on title to open)