In focus: Macron’s response to the Yellow Vests
Published on :
09/01/2019
09
January
Jan
01
2019
After a great deal of public debate and calls for reform, French president Emmanuel Macron announced on December 10 a package of measures in favor of purchasing power. The Government drafted a law to ensure its implementation.
The law itself was voted on December 24 and quickly entered into force.
Below are some of the key points of the law.
Exceptional “purchasing power” bonus
This optional bonus, paid by the employer, is totally tax free (taxes, Social Security, CSG-CRDS), up to 1,000 euros, for employees who earn less than three times the legal minimum wage and who meet certain conditions. See our special news flash commentary here.Overtime
Overtime hours will now benefit from a tax exemption, in addition to a withdrawal of contributions.Exceptional revaluation of the “prime d’activité” (a bonus given to low income individuals)
This is another measure to increase purchasing power. Individuals at minimum wage will receive an increase of roughly 90 EUR, says the government.The law also provides for a revision of the CSG (a specific contribution) for roughly 70% of French pensioners.
Specifically, for the people concerned, the CSG goes from 8.3% to 6.6% in 2019.
History
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In focus: Macron’s response to the Yellow Vests
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Thursday January 24th 2019 | Urgent economic and social measures, Social Security Finance Act, Loi de finances (Finance Act), Agirc / Arrco merger: changes as of 1st January 2019
Published on : 08/01/2019 08 January Jan 01 2019News / Breakfast BriefingsExceptional purchasing-power bonus of up to 1,000 € Overtime pay: exemp...
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Exceptional “Yellow Vest” Bonus : The law is published !
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