The new gift voucher wrapped up in a tax-free package
On 6 June 2020, the Inner Cabinet announced a series of new support measures. One of these measures was the 300 EUR consumption voucher to increase the purchasing power of employees and to support sectors severely affected by COVID-19.
The voucher can be bought by the employer and granted to the employee, free of taxes. The voucher is entirely tax deductible for the employer. The legislative proposal of 25 June 2020 containing various urgent tax provisions as a result of the COVID-19 pandemic, which was distributed in the Chamber of Representatives yesterday, outlines the fiscal framework of the consumption voucher.
Kris De SchutterPartner Attorney at law
Kris De Schutter is a partner in our office in Brussels and member of Loyens & Loeff’s Employment & Benefits Practice Group. He has extensive experience in alternative (flexible) remuneration, restructuring and change processes.T: +32 2 700 10 13 E: email@example.com
Filip SaelensPartner Attorney at Law
Filip Saelens is a local partner in our office in Brussels. Filip heads the Loyens & Loeff Employment & Benefits Practice Group in Belgium. He has extensive experience in collective and individual employment law.T: +32 2 773 23 29 E: firstname.lastname@example.org
Gunther ValkenborgCounsel Attorney at Law
Gunther Valkenborg is counsel to our Brussels office. He is member of the Employment & Benefits Practice group, leads the Compensation & Benefits Team and is a member of the Automotive Team. His main focus is on employment and benefits and international mobility of employees.T: +32 2 743 43 39 E: email@example.com
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