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Increased Social Insurance rate and Payroll calculator

 

As of 1 January 2019, the employer and employee social insurance contribution rates have both increase by 0.5% - i.e. from 7.8% to 8.3%.

Social Insurance and other funds rates

Employer

Employee

Self-employed

%

%

%

Social Insurance Fund

8,3

8,3

15,6

Redundancy Fund

1,2

-

-

Industrial Training Fund

0,5

-

-

Social Cohesion Fund

2,0

-

-

Central Holiday Fund (can ask for exception)

8%

-

-

Contributions to the National Health System

As from 1 March 2019, the contributions are calculated and paid as a percentage on the gross emoluments/pensions as follows:

Contributions 01/3/2019 – 29/2/2020 01/3/2020 onwards
  % %
Employees / retirees / income earners 1,70 2,65
Employers 1,85 2,90
Self-employed 2,55 4,00
The State 1,65 4,70

Using our Payroll calculator

Use our payroll calculator to estimate your employees' total payroll costs including the employer contributions using the increase 8.3% contribution rate.

Our form also calculates the monthly employee deductions including PAYE and social insurance deductions.

 

Click to Access Our calculator

Resources

Additional information on social insurances and other contributions, including contributions to the national health system, penalties and deadlines are available.

Click to access our Additional information

 


This form is not a legal or TAX advice and no one should rely on it. This form has been prepared as a general guide for information and purposes only as many other tax aspect should be taken into account. It is not a substitution for professional advice or an advice at all. One must not rely on it without receiving independent advice based on the particular facts of his/her/its own case. No responsibility can be accepted by the authors or the company for any loss occasioned by acting or refraining from acting on the basis of this publication.