The Ministry of Finance submitted a proposal to amend the Income Tax Ordinance to increase the payment thresholds for six non-taxable items with which employers, in addition to paying out regular monthly wages, can further stimulate their staff. The limit for non-taxable occasional items, which include Christmas bonuses, holiday allowance and other such benefits, is being increased from 3,000 kuna (€397) to 5,000 kuna (€661) per year. The maximum amount of monetary rewards for work and other forms of additional rewards for workers has also been increased from 5,000 kuna (€661) to 7,500 kuna (€992) per year. Future retirees can also expect higher net severance pay because the non-taxable part of severance pay is now set to increase from 8,000 kuna (€1,058) to 10,000 kuna (€1,323) for each completed year of service.
Read on: in English.
For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.