With the Transport Benefit, employees will be able to enjoy a tax exemption on their commuting to their workplace by public transport.
Tax limits and exemptions
This benefit is income tax exempt for the employee. Furthermore, as it is considered remuneration in kind, it is subject to its general limits. The total amount of remuneration in kind should not exceed 30% of the employee's gross annual salary and the salary must be higher than the minimum guaranteed interprofessional wage (SMI).
These are the established tax exemption limits:
How to activate and set up the benefit
Follow the steps below to activate the benefit:
- Click on the “Activate benefit” button. The system will redirect you to the set-up form.
- Review and adjust the settings to choose how you want the benefit to work. These are the Transport set-up options.
- Click on the “Save and activate” button. The system will save the settings and activate the benefit.
Once activated, the personnel assigned to that group of employees will be able to use the Transport Benefit with the settings you have selected.
Transport set-up options
Allow exempt limits to be rolled over
This option allows your staff to decide if they want to roll over the remaining amount up to the maximum exempt limit not used in the current month. A balance may be rolled over from their salary, the company allowance or both. The amount rolled over has no expiry date. If you have limited the use to funds from their company allowance, funds from the salary will not roll over. Here you can find out how the roll-over of amounts works.
To activate it, you just need to check the box. Once enabled, employees will be able to see the roll-over option in the Cobee app, and they will have to decide whether to use this option or not.
An employee has consumed 86.36€ in Transport so far this month and their company
has activated this option. This person will be able to check the option to roll
over the remaining 50€ (assuming a monthly limit of 136.36€) for the following
month in their Cobee app. When the payroll report arrives, they will see that
they have used 136.36€ in the Transport Benefit during that month, of which
86.36€ corresponds to their actual use and 50€ to their rolled-over amount. This
means that the following month this person can have up to 186.36€ (136.36€ +
50€) exempted for Transport, using the rolled-over amount first.