Abolition of the 'forfait social' on employee savings in firms with under 50 staff and on profit-sharing in firms with 50 to 249 staff

From 1 January 2019, the 20% employer social levy (forfait social) is no longer due on statutory profit-sharing, incentive schemes and employer contributions to employee savings plans in companies not required to set up statutory profit-sharing (fewer than 50 employees). Companies with 50 to 249 employees are exempt on incentive schemes. The rate is cut to 10% on employer top-ups used by employees to buy company shares.