Exemption in 2023 on contributions for disability, old age, and survivors.
- giorgiafrisenda
- February 6, 2023
- Reading time: 7 min
News . 3/2023
Subject: 2023 exemption on the portion of contributions for disability, old age, and survivors payable by employees
Budget Law No. 197 of December 29, 2022 (2023 Budget Law), in Article 1, paragraph 281, provided for an exceptional exemption from social security contributions for disability, old age, and survivors, payable by employees, for the pay periods from January 1, 2023, to December 31, 2023.
This exemption in 2023 is recognized:
- By 2 percentage points, provided that the taxable remuneration, calculated on a monthly basis for thirteen months, does not exceed the monthly amount of €2,692 2,692, increased, for the month of December, by the accrued thirteenth month's salary;
-By 3 percentage points, provided that the taxable remuneration, calculated on a monthly basis for thirteen months, does not exceed the amount of €1,923, increased, for the December, by the accrued thirteenth month's salary.
It should be noted that, by express provision of the law, the rate used to calculate pension benefits remains unchanged.
All public and private sector employees are eligible for this benefit, provided that the monthly salary limits defined above are respected.
It is important to remember that: