Changes in relation to Social Insurance and National Health System (ΓΕΣΥ) contributions

Important changes have been introduced in relation to Social Insurance and National Health System (ΓΕΣΥ) contributions.

· Social Insurance contributions have been increased, for both the employee and the employer, by 0.5%, starting from 01/01/2019.

· In addition, as from 01/01/2019, the monthly maximum insurable salary has been increased to €4.554.

· National Health System (ΓΕΣΥ) contribution has been introduced as from 01/03/2019. Employers(1.85%) and employees contributions (1.70%) will be deducted and paid in the same way as the other contributions. Other National Health System (ΓΕΣΥ) contributions will have to be paid by each physical person to the Tax authorities.

Categories:

• Employees

March 2019 1.70%

March 2020 2.65%

• Pensioners

March 2019 1.70%

March 2020 2.65%

• Other income (interest, dividends, rental income)

March 2019 1.70%

March 2020 2.65%

• Directors

March 2019 1.70%

March 2020 2.65%

• Self Employed

March 2019 2.55%

March 2020 4.00%

• Employers

March 2019 1.85%

March 2020 2.90%

Maximum taxable amount per individual is € 180.000

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