Private individuals are required to pay 18% social contribution of which 10% is pension contribution, 7% health insurance and 1% labour market contribution on the part of their income that is subject to contribution payments. It is also the employer that withholds the contributions from the income paid to private individuals and transfers them to the tax authority’s account. The return on withheld advance payments of contributions must also be filed by the 12th day of the month following the relevant month.
February 26, 2017