As part of the bill for purchasing power, the Government proposed on July 7, 2022 to triple the amount of the exceptional purchasing power bonus also called “Macron bonus” or “value sharing bonus” . Who can benefit ? What amount? From 1000 to 6000 euros? Info.
[Mise à jour le 11 juillet 2022 à 17h46] The exceptional purchasing power bonus, also known as the “Macron bonus” or “value sharing bonus” by the new government of Elisabeth Borne (ex “covid bonus“) has been renewed in 2022 and will be in 2023. As promised during the presidential campaign by Emmanuel Macron, the Government proposed on July 7, 2022 to triple its amount under the purchasing power bill. She can be paid to all employeesfor an amount maximum of 3,000 euros for all companies, and 6,000 euros for those who have set up a profit-sharing scheme or participation for smaller companies. For three years, nearly 5 million French people per year, on average, have benefited from the payment of a Macron bonus, remind him government. Who is concerned by this new Covid bonus? What is the amount ? What terms ? Is it taxable?
What is the Macron bonus?
In the midst of the Covid epidemic, the Prime Minister John Castex announced on March 15, 2021 “an exceptional bonus of 1000 euros tax exemption of which “second line” workers should be the privileged beneficiaries”. This announcement was made after the third social dialogue conference with the social partners. This premium actually corresponds to the renewal of the exceptional bonus for purchasing power (PEPA)said “Macron bonus” introduced by the law n°2018-1213 of December 24, 2018, paid in 2019, 2020 and 2021. This grant is intended for increase the purchasing power of employees and is added to their usual remuneration. It cannot replace this remuneration or any other bonus that would be due to the employee(s) of the company. She was reappointed in 2022 by the amending finance law published in Official newspaper July 20, 2021 and will be renewed for 2023.
What is the amount of the “purchasing power” bonus?
► In 2022: as promised during the presidential campaign by Emmanuel Macron, the Government proposed on July 7, 2022 to triple the amount of the “purchasing power” bonus under the purchasing power bill. This can reach:
- €3,000 net of tax, whether for the employer or the employee,
- €6,000 for companies that signed a profit-sharing agreement in 2021, or those with fewer than 50 employees.
► From 2019 to 2021: The premium is capped at 1,000 euros in companies that have not signed a profit-sharing agreement and 2,000 euros in companies that have signed a profit-sharing agreement or in companies with less than 50 employees or for workers in the “second line“if measures to upgrade their professions are taken. Second-line workers are all workers outside the medical professions who have been in contact with the public during the health crisis: cashiers, cleaners of urban spaces, maintenance agents, home helpers, construction workers…
Is the Macron bonus taxable?
In accordance with the bill presented by the government in July 2022, this bonus will be exempt within these limits of all employer and employee social security contributions. To support employees’ purchasing power in particular in a context of high inflation, this same bonus will be totally exempt from social contributions (CSG-CRDS) and tax (income tax) until December 31, 2023 when it is paid to employees whose monthly remuneration is less than 3 SMIC.
Practical case :
► An employee earning 2,000 euros net per month will be able, from August 2022, then in 2023, to receive from his employer a bonus of up to 6,000 euros net.
► From 2024, he will be able to receive a value-sharing bonus of up to 5,400 euros net (after CSG and CRDS).
Who can receive the Macron bonus?
The bounty paid from June 2021 to March 2022 has benefited the employees bound to the company by an employment contract, to temporary workers made available to the company or to public officials of a public establishment of an industrial and commercial nature (EPIC) or a public establishment of an administrative nature (EPA) when it employs personnel under private law (such as, for example, regional health agencies – ARS) on the date of its payment. The system is also applicable to Esat for premiums paid to disabled workers. Only employees whose remuneration is less than 3 times the amount of the minimum wage over the 12 months preceding its payment receive the Macron bonus. Following the increase in the minimum growth wage (Smic) by 2.2% on 1er October 2021, employees who earn a maximum of €4,768.41, against €4,6631.74 previously, became eligible for the purchasing power bonus.
What are the conditions for receiving the Macron bonus?
The payment of the exceptional bonus for purchasing power or “Macron bonus” is at the discretion of the company. The premium must meet the following conditions to qualify for social and tax exemptions:
- be an employee bound to the company by an employment contract, temporary made available to the company or public official of a public establishment of an industrial and commercial nature (EPIC) or a public establishment of an administrative nature (EPA) when it employs personnel under private law (such as regional health agencies – ARS) on the date of its payment;
- have a remuneration less than 3 times the amount of the Smic over the 12 months preceding its payment;
- the bonus cannot replace an increase in remuneration or a bonus provided for by a salary agreement, the employment contract or a practice in force in the company or public establishment;
- Disabled workers can benefit from the bonus: if they are linked to a work assistance establishment or service (Esat) by a work support and assistance contract; and whether all disabled workers linked to the Esat are concerned by the payment of the exceptional bonus.
What is the date of payment of the Macron bonus?
The last Macron bonus was paid between 1er June 2021 and March 31, 2022.
Sources:
What does the bill on purchasing power presented by the Government contain? July 8, 2022
The exceptional purchasing power bonus is renewed in 2021. July 21, 2021. Service-public.fr
“Prime Macron”: details on the terms of payment of the exceptional purchasing power bonus in 2021. April 28, 2021.
Social dialogue conference, March 15, 2021.
The exceptional bonus of purchasing power. Ministry of Labour. January 7, 2021.