From this amount employers pay 29,9 % and employees pay the remaining 6.35 %. Read more about the earnings-related ... (average rate) An employer with an insurance contract is an employer who constantly employs people. The rate for both employers and employees are shared, and is at 8.3% as from January 2019 and the next five years. In Britain information is provided in two booklets, Social Security For Migrant Workers and Your Social Security, Health Care And Pension Rights In The European Community (SA29), both of which are available from the Department of Social Security, Contributions Agency, Newcastle-upon-Tyne NE98 1YX, UK (Tel. Social Security Contributions is a tax applied on the gross income and it represents 9.19% of the employee's wage. Tax Relief for the Purchase of Furniture and Household Appliances. The overall rate for social security in Spain is high; it sits at around 38%. In Italy, there is no severance pay or redundancy compensation as such. Social security and assistance for journalists is managed by the National Institute for Italian Journalists' Social Security (INPGI). The maximum Social Security tax employees and employers will each pay in 2020 is $8,537.40. Social Security in Italy. Italy Social Security in 2020: Rates and Thresholds (Annual) Tax Rate Payable by: 10%: Employee: 30%: Employer: Regional Personal Income Tax Rates in Italy in 2020. The social security contribution mainly depends on the relationship between the individual and the company: 917 of December 22, 1986 (the Italian Tax Code), amounts paid by the 12th of January are considered to have been received in the previous tax period (the extended cash principle). Sicily, Sardinia, Alto Adige (German-speaking region) Valle d’Aosta (French-spe… The rate applicable to the contributions base is as high as 36,25 % for standard employees. January 16, 2020 Social Insurance Contributions and GHS 2020 Both employer and employee Social Insurance Contributions remain at 8,3%. The employee's contributions are deducted at source from their gross salary by their employer on a monthly basis. The slide below (re-load the page if it does not appear first time) summarises the rates and shows the maximum and minimum thresholds. Decree Law “ Cura Italia” – Covid-19 – Special Measures To Protect Health and Support the Economy. An individual who works in Italy is subject to various compulsory Italian social security contributions. 16,95 %: 16,95 %: Employer… Collaborators see their employer/client withholding tax on payment of their compensation. Social security and assistance for journalists is managed by the National Institute for Italian Journalists' Social Security (INPGI). 0.72%, for the financing of the cost resulting from the extension of maternity protection, family allowances and sickness benefits; The deadlines for registering with these public authorities vary (the first day of employment for the Insurance Institute, the fifth day after employment for the Labor Office and the 16th of the following month for the Social Security Institute). It follows that the payment of the contributions in favour of the collaborators referred to in Article 50, paragraph 1, letter c-bis, whose compensation, pursuant to Article 34 of Law no. The total employer’s social security contribution rate, including the payroll tax rate, declined from 31.2% in Social Insurance Contributions 2020 breakdown. 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