Prime Macron 2022-2023: condition, payment, up to 6000 euros?

PRIMARY PURCHASING POWER. To support the purchasing power of the French, the “Macron bonus” renamed “value sharing bonus” is renewed for 2022 and 2023. It is capped at 3000 or 6000 euros depending on the case.

[Mise à jour le 21 septembre 2022 à 21h16] The exceptional purchasing power bonus (PEPA)also called “First Macron“, “Covid bonus” and fame “value sharing bonus” (PPV) by the government of Elisabeth Borne is renewed for 2022, 2023 and even 2024 (but with other conditions). As promised during the presidential campaign by Emmanuel Macron, the ceiling has been tripled and can reach 3,000 to 6,000 euros depending on the company. For three years, nearly 5 million French people per year, on average, have paid a Macron bonus, recalls the government, for an average amount of 500 euros. Who is concerned by the premium over 2022-2023? What is the amount ? What conditions ? Is it taxable?

What is the new Macron bonus?

The Government has set up by law n°2018-1213 of December 24 June 2018 exceptional purchasing power bonus (PEPA) (also called “Macron bonus”), exempt from any social or tax levy up to a limit of 1,000 euros, which can be paid by employers to the lowest paid employees. This first was fitted out and renewed twice in 2020 and 2021. This first one is intended for increase the purchasing power of employees and is added to their usual remuneration. It cannot replace this remuneration or any other bonus that would be due to the employee(s) of the company. She was renewed in 2022 by the amending finance law published in the Official Journal on July 20, 2021 and renewed for 2023 by the law of August 16, 2022. It is now called the “Value Sharing Bonus” or PPV.. This new value-sharing premium, exempt from all employer and employee social security contributions, perhapse given to all employees on one or more occasions during the calendar yearspecify the government on its website, for an amount of:

  • 3,000 euros in all companies, including those in the public sector when they employ employees under private law;
  • 6,000 euros in companies with less than 50 employees who have signed a profit-sharing or profit-sharing agreement and in companies with more than 50 employees, already subject to profit-sharing, which have signed a profit-sharing agreement.

The premium is totally exempt social and tax levies until the end of 2023 when it is paid to employees whose remuneration is less than 3 minimum wage. She will subject to tax from 1 January 2024.

Is the payment of the Macron bonus compulsory for companies?

No, the payment of the Macron bonus or “value sharing bonus” is not mandatory for employers. As the Ministry of Labor points out, “Employers have the possibilities to pay their employee(s) a so-called “value sharing bonus” exempt from all social security contributions payable by the employee and the employer, as well as from other taxes, contributions and contributions due on the salary” not an obligation. Employers liable to pay a value-sharing bonus to their employees or agents are:
all employers under private law, include self-employed workers (craftsmen, traders, farmers, liberal professions), mutual insurance companies, associations or foundations, trade unions, etc. (for temporary employment companies and user companies, see also below);
► the public industrial and commercial establishments (EPIC) (e.g.: RATP, INA, Opéra de Paris),
► public administrative establishments (EPA) when they employ staff under private law (e.g.: regional health agencies – ARS –, employment center, national social security funds).
The payment of a value-sharing bonus can occur regardless of the company’s salaried workforce.

The bonus cannot replace any element of remuneration.

What is the payout date for the value-sharing bonus?

The premium is given since July 1, 2022. It can be paid to all employees in one or more instalments during the calendar year. Payment of the value-sharing bonus must must appear on one line – if possible specific because of the associated exemptions – the payslip of the month(s) of the payment.

Is the Macron bonus tripled for 2023?

No. the value share bonus amount voted for 2022 and 2023 was not tripled. Those are the ceilings that have been tripled from 1,000 to 3,000 euros for all companies (including those in the public sector when they employ employees under private law); and from 2,000 to 6,000 euros for companies with less than 50 employees who have signed a profit-sharing or profit-sharing agreement and in companies with more than 50 employees, already subject to profit-sharing, which have signed a profit-sharing agreement.

What is the amount of the Macron bonus?

The amount of the Macron bonus or “value sharing” is set by employer and cannot exceed the ceilings determined by the government (3,000 to 6,000 euros depending on the case, see below). Its amount may differ according to the beneficiaries based on compensation, classification level, seniority in the company, the duration of actual presence during the paid year or the duration of work provided for in the employment contract (excluding paid leave, editor’s note)” specifies the final text adopted by the Senate.

What are the ceilings of the Macron bonus?

The caps for the new value-sharing bonus are:

  • €3,000 in all companies, including those in the public sector when they employ employees under private law;
  • €6,000 in companies with less than 50 employees who have signed a profit-sharing or profit-sharing agreement and in companies with more than 50 employees, already subject to profit-sharing, which have signed a profit-sharing agreement.

What are the conditions to receive the first Macron?

The payment of the Macron 2022-2023 bonus is still at the discretion of the company.

► She benefiting employees bound to the company by an employment contractauxiliary temporary workers made available to the user company, to public officials belonging to the public establishment or to disabled workers linked to a work assistance establishment or service by means of a work support and assistance contract.

► It cannot replace an increase in remuneration or a bonus provided for in a salary agreement, the employment contract or a practice in force in the company or public establishment.

► This bonus is exempt from tax until the end of 2023 when it is paid to employees whose remuneration is less than 3 SMIC.

What is the amount of the minimum wage not to be exceeded?

The minimum growth wage or SMIC was increased by +2.01% on August 1, 2022.

Gross Rising net
Hourly minimum wage €11.07 €8.76
Monthly minimum wage €1,678.95 €1,329.05

Is the new Macron bonus tax exempt?

In accordance with the purchasing power bill adopted during the summer of 2022, the Macron bonus is totally exempt from social security contributions (CSG-CRDS) and taxes (income tax) until December 31, 2023 when it is given to employees whose monthly remuneration is less than 3 SMIC. From the January 1, 2024, it will be subject to:

  • for employees to income tax and CSG-CRDS
  • for employers with a social package at the rate of 20%, with the exception of employers with less than 250 employees who will be exempt from this contribution.

What will change in 2024?

The value sharing bonus receive to apply after January 1, 2024. It can still be paid to all employees and remain exempt from social security contributions. On the other hand, she will be calculated as taxable income. The maximum amounts (3,000 or 6,000 euros) will remain limited, as will the payment conditions (one to four times per calendar year).

Sources : Ministry of Labor / Ministry of Finance and Economy / Gouvernement.fr / Legifrance / Urssaf

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