Social security contributions in detail
The basic rate for employers’ contributions is currently 31.42% of employees’ salaries. There is no overall cap on contributions. The payment is made monthly in conjunction with salary payments and covers, for example, statutory payments of pension, sickness insurance and insurance for occupational injuries. The employee is not expected to pay any social security contributions.
Note: All currency conversions into EUR were made on 1 February 2019, using a mid-market rate.