BRATISLAVA, April 11, (WEBNOVINY) — Not only health insurance contributions, but also social security contributions should be paid from dividends and share of profit, according to draft changes that are part of the tax and payroll levy reform. The Finance Ministry has opened the draft for public debate. The Finance Ministry proposes to impose the standard 9-percent rate on health insurance and the reduced 13-percent rate on social security contributions from dividends and share of profit. A cap for paying both types of insurance is to be introduced. In 2012, the cap on social insurance is to be EUR 9,437.3 annually and the cap on health insurance is to represent EUR 4,470.29 annually. The maximum insurance in 2012 stems from the highest calculation base is EUR 3,932.3 monthly. This volume is 3.8-fold of the average super gross wage from two years ago.
Company owners should pay social contributions from dividends and share of profit for the first time in 2014. The ministry estimates their contribution to the state coffers at EUR 15.5 million. The contributions are to be paid from dividends paid out in 2013 from 2012 profit. The ministry also wants to introduce a unified tax and levy annual reconciliation as of January 1, 2013 for the 2012 tax period. The reconciliation of paid insurance premiums is to contain data on health insurance premiums, as well as social contributions. The Finance Ministry estimates a positive effect on the public funds at EUR 30 million annually. In 2014, the ministry projects the volume to amount to EUR 32 million.
SITA
