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06Mar

Employees’ Profit Participation – Royal Decree project

 

Context

As you know, on 9 June 2001 the Act of 22 May 2001 regarding employees’ participation in the company capital or company profit was published in the Official Gazette. This special tax regime applies to qualifying employee profit participation plans introduced as from 29 December 2001(date of publication in the Official Gazette of four Royal Decrees needed for its entry into force). For more information about this regime, we refer to our PTX Headline dated January 8, 2002.

News

In the Press Release by the Prime Minister following the Belgian Cabinet Meeting of 1 March 2002, it was confirmed that the Government approved a new royal decree project in this respect. The purpose of the new royal decree project is to set objective criteria of differentiation among the employees to determine the amount of profit that will be paid out to them. Based on this Press Release, the chosen criteria would be similar to those applicable in Social Law to differentiate, within a company, the different employee remuneration packages. Furthermore, the new royal decree project sets a maximum differentiation ratio of 1 to 10. We will keep you informed when the royal decree is published.

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Posted: March 6th, 2002Tags: , , ,