2023 Exemption on the share of contributions for invalidity, old-age, and survivors' benefits.
- giorgiafrisenda
- Feb 6, 2023
- Reading time: 7 min
News no.3/2023
Subject: 2023 Exemption on the share of contributions for invalidity, old-age, and survivors' benefits, payable by the employee.
Budget Law no. 197 of December 29, 2022 (2023 Budget Law), in Article 1, paragraph 281, has exceptionally provided, for pay periods from January 1, 2023, to December 31, 2023, an exemption on the share of social security contributions for invalidity, old-age, and survivors' benefits, payable by the employee.
This exemption for 2023 is granted:
- At a rate of 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, increased, for the month of December, by the pro-rata thirteenth-month salary;
-At a rate of 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 month of December, by the pro-rata thirteenth-month salary.
It should be emphasized that, as expressly provided by the regulation, the calculation rate for pension benefits remains unchanged.
The benefit is accessible to all employees, both public and private, provided that the monthly remuneration limits as defined above are respected.
It is important to remember that:
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