Renewal of extraordinary buying power bonus (PEPA)
Last up dating on Tuesday 27 July 2021
Government has renewed extraordinary buying power bonus (PEPA).
This bonus may be paid for employment period from June 2021 to March 31, 2022. It is exempt from all statutory and conventional social security contributions and income tax, provided following conditions are met:
- The amount of bonus cannot exceed € 2000 for companies with less than 50 employees,
- Payment must be made the latest on March 31, 2022,
- At time of bonus payment, the employee must have an employment contrat and for 12 months prior to this payment, their remuneration must be lower to three times value of annual SMIC corresponding to work duration expected on work contract.
PEPA bonus must be declared via social voucher in field "bonuses or allowances".