Income tax exemption ceiling for overtime raised to €7,500 during the health emergency
The annual income tax exemption limit for overtime and additional hours is raised from €5,000 to €7,500 where the excess results from hours worked between 16 March 2020 and the end of the health emergency. Hours worked outside that period remain exempt up to €5,000.
Measure originators
No official estimate found for this measure.
Measure impact
An employee who worked a lot of overtime during the first lockdown can have up to €7,500 of overtime pay exempted from tax on 2020 income, instead of €5,000.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
President of the Republic signature
Publication au Journal officiel
Joint committee
Désaccord éventuel
National Assembly has the final say
Si échec CMP
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Transmission to National Assembly
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration