Pension reform brings painful overhaul in social security contributions for self-employed

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Pension reform brings painful overhaul in social security contributions for self-employed

Economy 18/01/2016 - 01:14 Tags: Pensions

One of the issues that emerged from the government’s draft plan on pension reform submitted to the institutions on January 4 relates to new method for calculating social security contributions for the self-employed.

New contributions would be calculated by applying unified rates on declared income. Current contributions are a fixed amount without any direct or indirect link to income.

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