Exceptional early release of profit-sharing up to €10,000
Article 5 of the law of 8 February 2008 on purchasing power allowed employees to request, before 30 June 2008 and in a single payment, the early release of their profit-sharing rights allocated by 31 December 2007, up to €10,000 net of social levies. The released sums keep their exemptions. Releasing sums invested in company shares or dedicated funds requires a collective agreement; rights held in a collective retirement savings plan (PERCO) are excluded.
Measure originators
No official estimate found for this measure.
Measure impact
Concerns employees with locked-in profit-sharing rights, who could withdraw up to €10,000 between February and June 2008 without losing the income tax exemption.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
National Assembly has the final say
Si échec CMP
Joint committee
Désaccord éventuel
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)