A draft Royal Decree is approved by the Council of Ministers. It is relating to an increased exemption from professional wage-withholding tax (précompte professionnel) only for employers in the small- and medium-sized enterprise (SME) sector.
For payment of the précompte professionnel the actual exemption rate will rise to 1.12 percent for SME employers from January 1, 2014.The draft legislation has been submitted to the State Council for examination.
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