Special contribution
As from 1 January 2012 each employee, self-employed, or person operating in the private sector receiving a pension, which are derived in the Republic is levied to a special contribution on gross emoluments.
The special contribution in the private section is a percentage imposed on the gross earnings as shown below:
- for the period 1 January 2014 to 31 December 2016
|
Gross monthly |
Special contribution rate |
Cumulative |
|
€ |
% |
€ |
|
Up to 1.500 |
0 |
0 |
|
1.501 - 2.500 |
2.5 |
25 (minimum €10) |
|
2.501 - 3.500 |
3.0 |
30 |
|
3.500 and above |
3.5 |
|
- for the period 1 January 2012 to 31 December 2013
|
Gross monthly salary |
Special contribution rate |
Cumulative special contribution |
|
€ |
% |
€ |
|
Up to 2.500 |
0 |
0 |
|
2.501 - to 3.500 |
2.5 |
25 (minimum €10) |
|
3.501 - to 4.500 |
3.0 |
30 |
|
4.501 and above |
3.5 |
|
Notes
- Special contribution is deductible for income tax purposes.
- In the case of an employee, the contribution is shared equally between the employee and the employer.
- There is no upper limit on the amount of emoluments. However, certain types of emoluments are not included in the above calculations.
- Special contribution on gross emoluments in the public sector is imposed as from 1 September 2011.
As from 1 January 2017, special contribution has been abolished.
The above should be used as a source of general information only. It is not intended to give a definitive statement of the Law and is subject to the Disclaimer.
For further details on these issues, please do not hesitate to contact us.