Certain termination indemnities subject to Belgian social security contributions
A new royal decree was published today in the Belgian State Gazette [1], 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.
Please read more on this topic in our newsletter.