GP FR LEGAL CHANGES 2016 - FAMILY ALLOWANCE INCREASED BASE FOR REDUCED RATE
Last updated on JUNE 10, 2017
Applies to:PeopleSoft Enterprise HCM Global Payroll France - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
Changes in the way Family Allowance is calculated were announced by the French Government.
An earlier ruling mandated a rate of 1.8% on wages above 1.6 SMIC. This is now changed and the rate will be calculated on wages above 3.5 SMIC.
These changes are effective from 1st April 2016.
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