Work­ers face 4 pct ETEAP levy

Kathimerini English - - Focus -

Salaried work­ers and self-em­ployed Greeks who started work­ing from Jan­uary 1993 on­ward now have to pay a 4 per­cent con­tri­bu­tion from their in­come to­ward the Uni­fied Sup­ple­men­tary In­sur­ance and One-Off Ben­e­fits Fund (ETEAP), ac­cord­ing to a cir­cu­lar is­sued yes­ter­day by Deputy Labor Min­is­ter Ta­sos Petropou­los.

This means that around 250,000 Greeks who were first em­ployed be­fore Jan­uary 1993 and now pay lower con­tri­bu­tions, in­clud­ing ho­tel and mu­nic­i­pal work­ers, will not see th­ese amounts rise.

For wage earn­ers in­sured af­ter Jan­uary 1993, the 4 per­cent is cal­cu­lated based on the por­tion of their in­come that is sub­ject to so­cial se­cu­rity con­tri­bu­tions. For the self-em­ployed, the 4 per­cent ap­plies to their en­tire in­come.

The 4 per­cent con­tri­bu­tion ap­plies retroac­tively from Jan­uary 1 this year, which means that the ap­pro­pri­ate de­duc­tions will be made by au­thor­i­ties from the in­comes of salaried work­ers and the self-em­ployed.

ETEAP was cre­ated to re­place the Uni­fied Sup­ple­men­tary In­sur­ance Fund (ETEA) as part of so­cial se­cu­rity re­forms passed last year that aim to stream­line the sys­tem.

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