{"id":2876,"date":"2019-01-02T15:37:07","date_gmt":"2019-01-02T15:37:07","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/social-insurance-contribution-tax-is-increased\/"},"modified":"2025-05-30T11:59:19","modified_gmt":"2025-05-30T11:59:19","slug":"social-insurance-contribution-tax-is-increased","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/el\/social-insurance-contribution-tax-is-increased\/","title":{"rendered":"Social Insurance Contribution Tax is increased"},"content":{"rendered":"<div id=\"post-13009\">\n<p>As from January 1<sup>st<\/sup> 2019, Social Insurance Contribution Tax is increased <strong><span style=\"text-decoration: underline;\">from 7,8% to 8.3% <\/span><\/strong>for employers and employees and the new rate will be applicable for the next five years.<\/p>\n<p>For self employeed individuals Social Insurance Contribution <a href=\"https:\/\/www.gstaxconsultants.com\/el\/tax-financial-advisory-services\/\">Tax<\/a> is also increased from 14,6% to 15,6% and there are minimum and maximum limits depending on the profession or trade of the self-employed individual. These limits are set on an annual basis.<\/p>\n<p><!--more--><\/p>\n<p>Table below shows rates for 2019:<\/p>\n<table border=\"2\" cellspacing=\"2\" cellpadding=\"2\">\n<tbody>\n<tr>\n<td>\n<p><strong>Contributions <\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Employee<\/strong><\/p>\n<\/td>\n<td>\n<p><strong>Employer<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Social Insurance Contributions<\/p>\n<\/td>\n<td>\n<p>8,3%<\/p>\n<\/td>\n<td>\n<p>8,3%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Social Cohesion Fund<\/p>\n<\/td>\n<td>&nbsp;<\/td>\n<td>\n<p>2,0%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Redundancy Fund<\/p>\n<\/td>\n<td>&nbsp;<\/td>\n<td>\n<p>1,2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Industrial Training Fund<\/p>\n<\/td>\n<td>&nbsp;<\/td>\n<td>\n<p>0,5%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Holiday Fund (if not exempt)<\/p>\n<\/td>\n<td>&nbsp;<\/td>\n<td>\n<p>8,0%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Note 1: Social cohesion fund is calculated on total emoluments and has no maximum level.<\/p>\n<p>Note 2: As from 1st of January 2019, the maximum amount applicable for Social Insurance Contribution purposes is \u20ac54.648 p.a. for monthly paid employees, \u20ac54.652 p.a. for weekly paid employees, \u20ac4.554 per month for monthly paid employees and \u20ac1.051 per week for weekly paid employees.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>As from January 1st 2019, Social Insurance Contribution Tax is increased from 7,8% to 8.3% for employers and employees and the new rate will be applicable for the next five years. For self employeed individuals Social Insurance Contribution Tax is also increased from 14,6% to 15,6% and there are minimum and maximum limits depending on [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":2875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-2876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/2876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/comments?post=2876"}],"version-history":[{"count":1,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/2876\/revisions"}],"predecessor-version":[{"id":3238,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/2876\/revisions\/3238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media\/2875"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media?parent=2876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/categories?post=2876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/tags?post=2876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}