This article has the following topics:
- How is the cost of this benefit reflected in the employee's payroll?
- How does this benefit impacts on the flexible retribution amounts?
- What is the tax exemption of this benefit?
How is the cost of this benefit reflected in the employee's payroll?
Professional development expenses will appear on the monthly payroll report so you know how much to deduct from the employee's gross salary.
If the cost of training is more than the monthly amount allocated to the employee's flexible remuneration, it can be split over several months.
How does this benefit impacts on the flexible retribution amounts?
If an employee uses this benefit, you will need to edit their annual salary to ensure that the monthly amount used for flexible retribution does not exceed the permitted limit of 30%.
You will also need to process the amount used for professional development on the payroll, deducting it from the employee's gross salary.
What is the tax exemption of this benefit?
The professional development benefit is exempt from income tax in all regions.