SOCIAL INSURANCE INCREASES BY 1% from 01/01/2014

As from 01/01/2014 employers and employees should contribute 1% extra per side.  Self –employed should contribute 2% more.

For employers the changes are as follows:

•       7,8% will be from the employee,
•       7,8% from the employer and
•       4,6% from the Total Contribution of the Republic, beginning from 01.01.2014.

As from 01/01/2014 the contribution percentages for self-employed are changed to 19,2 %  as follows:

•      14,6% from the self employed,
•        4,6% from the Total Contribution of the Republic,

Beginning from the first Monday after the 01/01/2014.