Insights
Some clarificaitons in connection with the latest tax adjustments enforced by the ministry of finance.
DownloadArticle 4 of the above memo addresses the increase in and settlement of the sickness and maternity scheme contributions as follows:
Increase in contributions
Starting from 16 February 2017, the employer and employee contributions towards the social security sickness and maternity scheme have increased from 9% to 11% of a maximum LBP 2,500,000 as follows:
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