2023-11-20 06:30:42
Companies might initially pay, as part of the Macron Bonus, up to 1,000 euros, or even 2,000 euros under certain conditions, to their employees earning less than three times the minimum wage.. This bonus had the particular advantage of being completely exempt from taxes and social security contributions, including the CSG.
The Macron bonus: continued success since 2018
Since its establishment, the Macron bonus has undergone several renewals and modifications. Until March 31, 2022, the payment conditions remained relatively similar, benefiting several million employees. In 2021, it was largely paid by companies, for an average amount of 542 euros per beneficiary.
In July 2022, the bonus ceiling was increased to 3,000 euros, and even 6,000 euros if the company has a profit-sharing or participation agreement. This bonus has been extended to all employees, but with an exemption from tax and social security contributions only for salaries below 3 SMIC, until the end of 2023.
Macron bonus 2024: the return of taxes
However, the windfall is soon over… for employees and bosses alike. The government wants to replenish the coffers while the country’s debt is exploding, and is seeking all means to do so. Obviously, this involves an increase in taxes. And Prime Macron is not spared.
From January 1, 2024, a major change will occur: most premiums will be subject to income tax and social security contributions. Adopted by the Senate, this decision marks a turning point in the management of the PPV. However, one exception: companies with fewer than 50 employees will be able to continue to pay tax-free bonuses to employees earning less than 3 times the minimum wage until the end of 2026.
Macron bonus 2024: less money for employees?
Payment of the Macron Bonus remains at the discretion of the employer. All employees linked to the company, including public officials, temporary workers and disabled workers, are eligible. The bonus cannot replace an increase in remuneration provided for by a salary agreement and can be modulated according to various criteria such as remuneration, seniority, or working time.
This taxation might encourage employers to reduce the number of bonuses granted, thus affecting the net amount received by employees. In 2022, the value sharing bonus benefited more than 5.5 million employees for an average amount of 789 euros. But with taxation, the amounts and number of premiums paid might fall. It must be said that the additional cost is major for employers and beneficiaries alike: the taxation of these bonuses should bring in around 200 million euros to the State and 500 million euros to the Social Security funds in 2024.
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