Reduction of social security contributions

June 25, 2020

As of 1st June 2020 new provisions apply to social security contributions of full time employees in the private sector.

The Ministry of Labor decision foresees the reduction of social security contributions by 0.9% – with the final objective being that of reaching a 5% reduction by 2023. The reduction corresponds to 0.48% for the employer and 0.42% for the employee.