Certain Termination Indemnities Subject To Belgian Social Security Contributions
A new royal decree was published today in the Belgian State Gazette1, providing that several termination indemnities will be subject to social security contributions (withholding of 13.07% employee social security contributions and payment of approximately 35% employer social security contributions) as from 1 October 2013. Before, these indemnities were exempted from social security contributions.
This change will increase the cost to a company when paying out such indemnities.
It concerns e.g. the following:
Compensation for loss of […]