Social security agreement between india and germany
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Social security agreement between india and germany

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India and Germany

India and Germany

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Social security agreement between india and germany Document Transcript

  • 1. TAXPERT India and Germany sign Social SecurityPROFESSIONALS Agreement KNOWLEDGE SHARE | TAXPERT PROFESSIONALS
  • 2. India and Germany sign Social Security AgreementA comprehensive Social Security Agreement (SSA) was signed by the Minister of OverseasIndian Affairs and Civil Aviation, Shri Vayalar Ravi and the Federal Minister of Labour andSocial Affairs of Germany, Dr. Ursula von der Leyen in Berlin.The Agreement which subsume the earlier Indo-German agreement on Social Security on 8thOctober 2008 will enhance cooperation on social security between the two countries.The Agreement with Germany will provide for the following benefits to Indian nationals workingin Germany:a) For short term contract up to five years, :- NO SOCIAL SECURITY CONTRIBUTIONunder the German law by the detached workers provided they continue to make social securitypayment in India.b) The above benefits shall be available even when the Indian company sends its employees toGermany from a third country.c) Indian workers shall be entitled to the export of the social security benefit if they relocate toIndia after the completion of their service in Germany.d) The self-employed Indians in Germany would also be entitled to export of social securitybenefit on their relocation to India.e) The period of contribution in one contracting state will be added to the period of contributionin the second contracting state for determining the eligibility for social security benefits.This is the 60th year of diplomatic relationship between India and Germany. There are about68,500 Indians in Germany most of whom are working as professionals and self-employed.During the visit of German Chancellor to India in May 2011, both India and Germany reaffirmedthat the bilateral trade should reach US$ 20 billion by 2012. There is a huge potential for Indianfor Indian workers to take employment in Germany. As such, a bilateral Social Security[[[[greement with Germany is a significant requirement from the futuristic point of view to takeadvantage of the emerging employment opportunities and to strengthen the trade and investmentbetween the two countries.India has signed similar agreements with Belgium, Germany (Social Insurance for detachedworkers), France, Switzerland, The Netherlands, Luxembourg, Hungary, Denmark, CzechRepublic, the Republic of Korea and Norway.Source : http://pib.nic.in/newsite/erelease.aspx?relid=76633
  • 3. For more information get in touch with us atTAXPERT PROFESSIONALS PRIVATE LIMITED09769134554vinay@taxpertpro.cominfo@taxpertpro.com