NEWS & ANNOUNCEMENTS
Social Insurance Contributions and Health System
As of the beginning of the year, both employer and employee Social Insurance Contributions will increase by 0,5% from 7,8% to 8,3%. Thereafter, the rate will increase by 0,5% every five years, until it reaches 10,3% as from 1 January 2039.
Moreover, as from 1 January 2019, the rate for self-employed persons will rise from 14,6% to 15,6%.
Thereafter, the rate will increase by 1% every five years , until it reaches 19,6%, as from 1 January 2039. The amount of contributions by self-employed persons is subject to a lower and a maximum limit, depending on the profession or trade of the Self-employed person.
The maximum level of insurable emoluments for 2019 is €54,648.
For employees paid weekly, the maximum insurable amount is €1,051 and for employees paid monthly €4,554.
*If the cumulative emoluments (from January-December) reach the maximum insurable amount, no social insurance contributions will be deducted from the 13th salary, except for the social cohesion fund which cannot be restricted and is always calculated on total emoluments.
National Health System
As from 1 March 2019, the National Health System Law of 2001 (NHS), as amended 2017, will come into effect with the aim to provide to the population equal access to a holistic health care system. Patients will have the option to select a health care provider from the private as well as the public health care sector.
Contributions are capped at €180,000 annual income. They will start from 1 March 2019 and will increase from 1 March 2020.
Please open the pdf below to find out more details...