The minimum amount exempt from contribution in the case of all types of permanent contracts comes into effect in March 2015.
Specifically, the first €500 will be exempt from the contribution basis for common contingencies to be met by the Company. If the contract is for a part-time job, the exemption will be applied proportionally.
The exemption will apply for a term of 24 months. Businesses with fewer than 10 employees can extend the exemption a further 12 months, but at the reduced amount of €250.
The condition is that the new permanent contract involves a rise in the employment level in the Company and that this new level is maintained for 36 months.