{"id":3194,"date":"2024-01-23T17:51:54","date_gmt":"2024-01-23T17:51:54","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/change-in-social-insurance-fund-contributions-2024\/"},"modified":"2024-01-23T17:51:54","modified_gmt":"2024-01-23T17:51:54","slug":"change-in-social-insurance-fund-contributions-2024","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/el\/change-in-social-insurance-fund-contributions-2024\/","title":{"rendered":"Change in Social Insurance Fund Contributions_2024"},"content":{"rendered":"

In continuation of the announcement circulate on the 2nd<\/sup> of November 2023, we inform you that as from the 1st<\/sup> of January 2024 the social insurance contribution tax is increased to 8.8% and 1% for self employed. Also, the maximum amount applicable for social insurance contribution purposes has been increased from \u20ac60,060.00 to \u20ac62,868.00 per annum, for monthly paid employees from \u20ac5,005.00 to \u20ac5,239.00 per month and for weekly paid employees from \u20ac1,155.00 to \u20ac1,209.00 per week.<\/p>\n

<\/p>\n

Social insurance contributions for 2024:<\/p>\n\n\n\n\n\n\n\n\n
\n

CONTRIBUTIONS<\/strong><\/p>\n<\/td>\n

\n

EMPLOYEE<\/strong><\/p>\n<\/td>\n

\n

EMPLOYER<\/strong><\/p>\n<\/td>\n

\n

SELF-EMPLOYED<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Social insurance contributions<\/p>\n<\/td>\n

\n

8.8%<\/p>\n

(from 8.3%)<\/p>\n<\/td>\n

\n

8.8%<\/p>\n

(from 8.3%)<\/p>\n<\/td>\n

\n

16.6%<\/p>\n

(from 15.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

Social cohesion fund<\/p>\n

*Calculated on total emoluments and has no maximum level<\/p>\n<\/td>\n

 <\/td>\n\n

2%<\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Redundancy fund<\/p>\n<\/td>\n

 <\/td>\n\n

1.2%<\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Industrial training fund<\/p>\n<\/td>\n

 <\/td>\n\n

0.5%<\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n
\n

Holiday fund (if not exempt)<\/p>\n<\/td>\n

 <\/td>\n\n

8%<\/p>\n<\/td>\n

 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Globalserve Consultants Ltd is a licensed accounting and corporate provider firm offering financial solutions, payroll and social insurance services, for further information you can book an appointment with our specialists at 00357 25 817181 or write an e-mail at <\/a>marketing@gstaxconsultants.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

In continuation of the announcement circulate on the 2nd of November 2023, we inform you that as from the 1st of January 2024 the social insurance contribution tax is increased to 8.8% and 1% for self employed. Also, the maximum amount applicable for social insurance contribution purposes has been increased from \u20ac60,060.00 to \u20ac62,868.00 per […]<\/p>\n","protected":false},"author":7,"featured_media":3158,"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-3194","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\/3194","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=3194"}],"version-history":[{"count":0,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/posts\/3194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media\/3158"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/media?parent=3194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/categories?post=3194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/el\/wp-json\/wp\/v2\/tags?post=3194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}