Employers can provide their employees with various types of insurance:
- Group insurance (pension);
- Hospitalization insurance;
- Free supplementary pension;
- …
For tax purposes, these insurances do not constitute a benefit of any kind for the employee and are therefore not taxed as professional income.
As regards social security contributions, the NSSO does not consider these benefits as remuneration and they are therefore not subject to social security contributions.
On the other hand, the premiums paid for hospital insurance are not eligible expenses for the employer.
Finally, it should be noted that group insurance is subject to certain taxes such as insurance tax (4.4%) and will be taxed in the employee’s hands when he/she receives his/her pension.
For more information on the different types of insurance and their tax regime, do not hesitate to contact one of our staff members!
