Contribution Relief for Permanent Contracts: Multi-Year Social Security Incentives for Growing SMEs and Employers
More incentives for hiring workers. 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.