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 partner in and chairman of the Employment & Benefits practice group in Belgium. He has over 18 years all-round experience in collective and individual employment law, with a particular focus on transformation, especially from a holistic view linked to alternative (flexible) remuneration, restructurings and change processes.T: +32 2 700 10 13 E: [email protected]
Filip SaelensPartner Attorney at Law
Filip Saelens, attorney at law, is a local partner of the Employment & Benefits practice group in Belgium. He has over 30 years’ all-round experience in collective and individual employment law, with a particular focus on reorganisations and transformations, executive compensation, international mobility and the employment aspects of, mostly international, M&A-deals.T: +32 2 773 23 29 E: [email protected]