Increase in the 'forfait social' employer levy from 8% to 20%

Article 33 of the second amending finance act for 2012 raises the standard rate of the 'forfait social', an employer levy due in particular on profit-sharing, employee participation and employer top-ups to employee savings plans, from 8% to 20%. The 8% rate is kept for employer contributions to supplementary welfare schemes and for the special participation reserve of worker cooperatives. The increase applies to pay or gains paid from 1 August 2012.