Holiday pay provision 2020

The provisioning amounts for the holiday pay 2020 which have been recorded in the balance sheets on 31 December 2019 and which can be accepted as professional expenses are definitively known.

The FPS Finance confirmed the following maximum provisioning amounts of the holiday pay 2020:

• 18.20% of the fixed and variable remunerations granted in 2019 to non-manual workers enjoying the benefit provided by the annual leave legislation of workers, diminished by the additional holiday pay granted in 2019 (1). Only the normal and periodical remunerations must be taken into consideration, with the exclusion of the holiday pay and the end-of-year bonus;
• 10.27 % of 108/100 of the remunerations paid in 2019 to manual workers and apprentices enjoying the benefit provided by that same legislation.

Note: The flexi-wage and the flexi-holiday pay granted in 2019 to flexi-job workers are not included in the calculation basis. The employer must pay the flexi-holiday pay together with the flexi-wage.

(1) It regards the holiday pay for the days on which non-manual workers have taken additional leave because they were not yet entitled to normal leave when starting or resuming the activity. That additional holiday pay corresponds to the regular wage for the taken additional leave days and is financed by an advance on the legal double holiday pay of the following year.

Source: Circular 2020/C/31 on the amounts recorded in balance sheets closed on 31.12.2019 for the payment of the holiday pay of the staff in 2020.