Imposte sul Reddito per le Persone Fisiche, Compresi i Lavoratori Autonomi e le Modifiche alle Assicurazioni Sociale e Sanitaria (Bart Waterloos, VGD/AVOS): Il Dott. Waterloos ha illustrato i cambiamenti principali nella legislazione fiscale del 2013: la tassazione degli individui fiscali è stata portata in alcuni casi al 25%, mentre la base fiscale rimane al 19%, e vi sono stati cambiamenti alla quantità di riduzioni fiscali ottenibili, alla tassazione sul reddito, sui benefit e sui dividendi. Le entrate della tassazione su questi ultimi andranno in favore dell’assicurazione sanitaria. D’ora in poi inoltre ci sarà una sola base di calcolo sia per l’assicurazione sanitaria che per la previdenza sociale, il che secondo il Dott. Waterloos significa che si pagheranno più tasse per avere lo stesso servizio che in precedenza.
SKS Ward Mackenzie_Tax_Rates_Allowance_Pocket_GuideJoannaGreen14
Capital allowances are an entirely legitimate, recognised part of the UK tax regime. Unlike many HMRC reliefs, capital allowances allow tax relief to be given or denied by statutory principle (Capital Allowances Act 2001), rather than by virtue of accounting standard.
Some of the rules on capital allowances are very complex – even for trained professionals. Claiming this relief requires a variety of expertise including; legal, taxation, accounting and valuation, which are all skills that our dedicated experts have.
Pensions: nirvana or nightmare? - Bovill briefingBovill
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the May 2015 briefing on the FCA's Business Plan and Outlook for 2015/16. For more information visit www.bovill.com.
Further information on the event is below:
Our May briefing looks at the impact of the latest pension reforms.
New freedom and choice has made pensions a more attractive investment, and the greater complexity means there’s greater need for advice. But is the opportunity for advisers worth the risk? As it becomes harder to divorce pension planning from investment advice, will wealth managers who choose not to offer pensions advice lose business? And what is the knock on effect for the industry as a whole? Our London briefing look at the new pensions regime. We consider:
•what’s changed
•how it affects advisers and the suitability considerations they face
•how to address the compliance challenges that it brings
Taxation implications for company paid healthcareSimplyhealthUK
The information given is not intended to constitute tax advice, but is a representation of current legal provisions.
For specific advice on how this affects your company, you should speak to your Tax Advisor or your local HM Revenue and Customs office.
SKS Ward Mackenzie_Tax_Rates_Allowance_Pocket_GuideJoannaGreen14
Capital allowances are an entirely legitimate, recognised part of the UK tax regime. Unlike many HMRC reliefs, capital allowances allow tax relief to be given or denied by statutory principle (Capital Allowances Act 2001), rather than by virtue of accounting standard.
Some of the rules on capital allowances are very complex – even for trained professionals. Claiming this relief requires a variety of expertise including; legal, taxation, accounting and valuation, which are all skills that our dedicated experts have.
Pensions: nirvana or nightmare? - Bovill briefingBovill
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the May 2015 briefing on the FCA's Business Plan and Outlook for 2015/16. For more information visit www.bovill.com.
Further information on the event is below:
Our May briefing looks at the impact of the latest pension reforms.
New freedom and choice has made pensions a more attractive investment, and the greater complexity means there’s greater need for advice. But is the opportunity for advisers worth the risk? As it becomes harder to divorce pension planning from investment advice, will wealth managers who choose not to offer pensions advice lose business? And what is the knock on effect for the industry as a whole? Our London briefing look at the new pensions regime. We consider:
•what’s changed
•how it affects advisers and the suitability considerations they face
•how to address the compliance challenges that it brings
Taxation implications for company paid healthcareSimplyhealthUK
The information given is not intended to constitute tax advice, but is a representation of current legal provisions.
For specific advice on how this affects your company, you should speak to your Tax Advisor or your local HM Revenue and Customs office.
What does the budget means for you and your clients and, importantly, any tax planning opportunities for high net worth individuals and business owners.
Most observers do not believe that further curbs on public spending can reduce our debts to an acceptable level, thus suggesting that George will have to increase taxes in a way that will not hurt the average citizen. It also suggests that hopes of reforms that reduce tax yields are likely to prove unrealistic. In particular, an increase in the IHT limit (other than the promised limited relief for family homes) seems unlikely. We also expect further pain for non-doms and tax avoiders. We think that some tax relief for small businesses is likely, but as such businesses create scope for tax evasion and avoidance, we are sceptical as to how helpful these are likely to be in practice.
Advice for learners on money related matters, includes, National Insurance, Tax codes & rates, minimum wage, interest rates, budget and debt advice. Activities included.
You pay self-employment (SE) tax when net earnings from
self-employment are $400 or more. You are self-employed
if you carry on a trade or business as a sole proprietor (including
farmers) or as a general partner in a partnership.
A trade or business generally is an activity carried on for
a livelihood or in good faith to make a profit. Facts and circumstances
determine whether or not an activity is a trade
or business.
Assets in a custodial account belong to the minor. Any income
earned in a custodial account is taxed to the minor. A
custodian, usually an adult relative, controls the assets until
the minor reaches the age set by state law (21 in most states).
Assets in a custodial account can be used to pay for education
expenses for the minor.
EY - US Employment Tax Year in Review (November 2013)EY
The presentation covers:
- FICA on severance
- Fiscal cliff legislation – impacts for 2013 and beyond
- The additional Medicare tax began this year
- Reporting change in responsible party to the IRS
- 2010 HIRE Act – IRS notices and refund deadline
- Same-sex partner benefits in wake of Supreme Court ruling
- Affordable Care Act – what to know about 2014
- Unemployment insurance – new laws mean a new approach
- States go retro in 2013
- Pay card controversy – seven things employers should do
What does the budget means for you and your clients and, importantly, any tax planning opportunities for high net worth individuals and business owners.
Most observers do not believe that further curbs on public spending can reduce our debts to an acceptable level, thus suggesting that George will have to increase taxes in a way that will not hurt the average citizen. It also suggests that hopes of reforms that reduce tax yields are likely to prove unrealistic. In particular, an increase in the IHT limit (other than the promised limited relief for family homes) seems unlikely. We also expect further pain for non-doms and tax avoiders. We think that some tax relief for small businesses is likely, but as such businesses create scope for tax evasion and avoidance, we are sceptical as to how helpful these are likely to be in practice.
Advice for learners on money related matters, includes, National Insurance, Tax codes & rates, minimum wage, interest rates, budget and debt advice. Activities included.
You pay self-employment (SE) tax when net earnings from
self-employment are $400 or more. You are self-employed
if you carry on a trade or business as a sole proprietor (including
farmers) or as a general partner in a partnership.
A trade or business generally is an activity carried on for
a livelihood or in good faith to make a profit. Facts and circumstances
determine whether or not an activity is a trade
or business.
Assets in a custodial account belong to the minor. Any income
earned in a custodial account is taxed to the minor. A
custodian, usually an adult relative, controls the assets until
the minor reaches the age set by state law (21 in most states).
Assets in a custodial account can be used to pay for education
expenses for the minor.
EY - US Employment Tax Year in Review (November 2013)EY
The presentation covers:
- FICA on severance
- Fiscal cliff legislation – impacts for 2013 and beyond
- The additional Medicare tax began this year
- Reporting change in responsible party to the IRS
- 2010 HIRE Act – IRS notices and refund deadline
- Same-sex partner benefits in wake of Supreme Court ruling
- Affordable Care Act – what to know about 2014
- Unemployment insurance – new laws mean a new approach
- States go retro in 2013
- Pay card controversy – seven things employers should do
Il ppt del prof. Francesco Villa (unicat) mostrato durante la prima serata del politalk con il tema: Una politica attenta alle realtà sociali - 26/01/2012
Výzva: Zvyšovanie energetickej efektívnosti na strane výroby Italoblog
Schéma štátnej pomoci pre zvyšovanie energetickej efektívnosti na strane výroby aj spotreby a zavádzanie progresívnych technológií v energetike priamou formou pomoci
If you are considering to expand your business activities in Central and Eastern Europe, Slovakia should be on the top of your destinations list. Thank to its political stability, strategic location, common European currency, competitive taxation system and well-educated and highly skilled workforce Slovakia counts as one of the most attractive country in the region of CEE.
NL Tax Advantages Sole Proprietorship vs Private Limited CompanyJürgen van de Sande
Workshop for Eindhoven Startups Foundation about Dutch Tax Advantages Sole Proprietorship (eenmanszaak) vs Private Limited Liability Company (besloten vennootschap, B.V.)
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
PKF Chartered Accountants and Business Advisers have made these professional and essential tax guides available to chamber members, as well as all other companies that recognise the value of expert advice and support in this specialist field.
Another tax year has started and, as always in the world of tax, nothing stays the same. There are a number of methods of
extracting funds from your own limited company and in this Briefing we consider the main options for extracting profit.
2016 tax review hints and changes, including PEASE and PEP Limitation, Alternative Minimum Tax (AMT), donations of appreciated capital gain property, qualified charitable distributions, ELOI contracts, net investment income tax (NIIT), Kiddie Tax rates and qualifications, family limited partnerships, tax reform, and the "death tax" provided by a certified CPA.
Presentazione Kosit a.s. - Competitività del Made in Italy nei settori innovativi – Green Energy 17/6/2013 - rifiuti come materia prima. investimeno Kosice
Sistema di sostegno agli investimenti in fonti d’energia rinnovabile nella Re...Italoblog
presentazione del Ministero dell'economia della Repubblica Slovacca - Sistema di sostegno agli investimenti in fonti d’energia rinnovabile e modifiche attese nella Rep. Slovacca.
Let us introduce you the GBE FACTORY plate created to award virtuous SMEs/companies.
The GBE Factory Brand rewards commercial or industrial companies that have showed commitment in RES by:
Having invested in RES in their building (at least 100 kW power installed capacity for the production of electricity or heat) or Consuming RES energy produced within the same industrial area.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
1. Income Tax of physical
persons 2013
Including self-employed persons and
changes to social and health insurance
Bart Waterloos
1
2. Table of contents
Quick overview of the most important changes
Repeating of changes past 2 years
Taxation of individuals
Dividends
Changes to the health and social contributions
Simulations
Questions and Answers
About VGD-AVOS
2
3. Quick overview
Top tax changes for 2013
Introduction of progressive tax rate of 25%
Limitation of lump-sum costs
Limitation of tax-free amount
Limitation of tax bonus
Special rate for dividends from profits realised until 2003
No extension of deadline for filing the tax return
3
4. Look back to the past
Changes over the last 2 years
Taxation of employment income
Extension in the range of insured persons for social insurance
Intended periodicity of the remuneration is prevailing over the
type of the contract for social insurance
Claw-back for social contributions on irregular remunerations
All benefits subject to social and health contributions:
Travel allowances
Redundancy payments or severance
4
5. Taxation of individuals
Overview
Subject to personal income tax are the following types of
income:
Employment income (§5)
Entrepreneurial and rental income (§6)
Investment income (§7)
Other income (§8)
Tax statement is due by 31 March, deadline can only be
extended with foreign income
5
6. Taxation of individuals
Cancellation of the flat tax rate
19% will remain the base rate,
But a new tax rate of 25% being introduced:
For monthly tax base above 2.866,81 € or 34.401,72 € on a
yearly basis
In technical terms: for amounts exceeding 176,8-times the valid
life-minimum
A special 5% tax on Selected State Officials
6
7. Taxation of individuals
Determining the Tax Base
The tax free amount :
Is calculated as 19,2 times the life-minimum valid per 1st of January
of the year (19,2 x 194,58 € = 3.735,94€)
Compared to 3.644,74 € for the year 2012
Tax payer can claim the entire tax free amount only if the yearly
taxable base is less than 100 times the life-minimum (i.e. less than
19.458 €; compared to 18.983 € for the year 2012
Usually managers and expats are above this limit and can thus not
enjoy the tax free amount at all (yearly taxable base is above
34.401,74 €, or 2.866,8 € monthly) (176,8 times the life-minimum)
7
8. Taxation of individuals
Determining the Tax Base
Tax free amount (allowance) limited to ‘active income’, i.e.:
Employment income (§5)
Entrepreneurial or other income from self-employment (§6, 1°- 2°)
No longer applicable on “passive” income - e.g. rental income
Tax free amount (allowance) for spouse, only if:
She is taking care of the kids till 3 years (6 if disabled), or
She is registered as self-employed, or
She is a disabled person herself
8
9. Taxation of individuals
Determining the Tax Base
Tax free amount (allowance) for pension savings
Compensation for lowering of the second pillar
Payments for pension savings up to 2% of tax base from active
income
Calculated maximum from 60-times the average salary
Tax bonus for children:
Discount of 19,32 € per child per month
Condition: need income above 6-times the minimum salary
Only for ‘active’ income
9
10. Taxation of individuals
Types of income: employment income
Consists of:
Gross salary
Bonuses
Fringe benefits
No changes in 2013
10
11. Taxation of individuals
Types of income: entrepreneurial income
Taxable income:
Income from small business
Independent profit-making activities (self-employed)
Rent of real estate
Tax-free amount of 500 € for rental income
11
12. Taxation of individuals
Types of income: entrepreneurial income
Lump-sum expenses:
40% remains
But yearly maximum of 5.040 €, or monthly 420 €
To be applied on a monthly basis
Lump-sum for small agricultural income
Authors’ revenues:
Different categories, with all effect on tax and health or social
contributions
Income for contributions to magazines, newspapers, … can be
taxed via withholding tax, then no social and health contributions,
but also no lump-sum expenses, 19%
12
13. Taxation of individuals
Types of income: investment income
Taxable income:
Interests
Winnings
Yields from additional pension and life insurance
Mostly there is a withholding tax, whereby this withholding tax is
now considered final in many occasions
13
14. Taxation of individuals
Types of income: other income
Taxable income:
Income from occasional activity
Income from the sale of real estate
Transfer of securities, options, shares
Monetary and non-monetary income provided to health care
provider or its employee/medical staff by explicitly selected
persons, no expenses can be applied
Lump-sum for small occasional agricultural income
14
15. Taxation of individuals
Technical issue: allocation of tax to NGO’s
For individuals:
2% still available to donate
Unlike legal entities, no conditions and no gifts
Another 1% (3% in total) can be assigned by those volunteers
who worked for any NGO’s for free for 40 working hours a year –
applicable on tax period of 2012
Should the conditions be not met, penalty of 1% applies
15
16. Dividends
Health insurance 2011-2012
Dividends are subject to health contributions
10% contribution is due by the individual receiving the profit
shares
on the amount exceeding the monthly minimum calculation base
Applicable on profits generated for accounting periods starting
after 1 January 2011
Includes also the liquidation balance
No obligation for company paying out the dividends
Combine with overall maximum annual calculation base
16
17. Dividends
Health insurance 2013 onwards
Dividends are subject to health contributions
14% contribution is due by the individual receiving the profit
shares
Completely separate calculation base
Calculation base of 120 times the monthly average salary, or
thus cap of 94.320 EUR for 2013
The company paying out the dividends has to ‘withhold’ the
contribution
Valid on dividends paid out as from 2013 profits
Only for individuals subject to the Slovak health system
17
18. Dividends
Profits from before 2004
Old dividends: if paid out until 2012
19% income tax
health insurance?
Old dividends: if paid out in 2013 only
15% income tax
NO health insurance contributions
Done via withholding tax
Decision GM to be taken in 2013
18
20. Health and social insurance
Increased and unified calculation basis
There will be only one calculation basis for all insurances,
New amount will be:
3.930 EUR
Or five-times the monthly average salary from 2 years ago.
20
21. Health and social insurance
Overview premiums 2012
Insurance Maximum % employee % employer
calculation base
Health 2.307,50 € 4% 10%
Sickness 1.153,50 € 1,4% 1,4%
Pension 3.076,00 € 4% 14%
Invalidity 3.076,00 € 3% 3%
Unemployment 3.076,00 € 1% 1%
Accident no limit - 0,8%
Guarantee fund 1.153,50 € - 0,25%
Reserve fund 3.076,00 € - 4,75%
13,4% 35,20%
21
22. Health and social insurance
Overview premiums 2013
Insurance Maximum % employee % employer
calculation base
Health 3.930,00 € 4% 10%
Sickness 3.930,00 € 1,4% 1,4%
Pension 3.930,00 € 4% 14%
Invalidity 3.930,00 € 3% 3%
Unemployment 3.930,00 € 1% 1%
Accident no limit - 0,8%
Guarantee fund 3.930,00 € - 0,25%
Reserve fund 3.930,00 € - 4,75%
13,4% 35,20%
22
23. Effect of changes
Simulation 1
Take a senior manager in an international company; earning
currently 5.500 EUR gross a month,
This person will have currently net income of 4.161,50 EUR
Costs for the employer: 6.514,50 EUR
After the intended changes:
Her net income will drop with 259,50 EUR to 3.902 EUR
Costs for the company will increase with 381,4 EUR to 6.895,9
EUR
23
24. Effect of changes
Simulation 2
Take a young professional working at a senior position; earning
currently 2.600 EUR gross a month,
This person will have currently net income of 1.875,50 EUR
Costs for the employer: 3.467,50 EUR
After the intended changes:
His net income will drop with 22,50 EUR to 1.853 EUR
Costs for the company will increase with 47,65 EUR to 3.515,20
EUR
24
25. Effect of changes
Simulation 3
SME company, IT sector, some employees, owner is physical
person, also working as manager
Currently company is making profit of 200.000 EUR
Corporate income tax: 38.000 EUR
Net income owner: 154.000 EUR
After the intended changes:
Gross profit will drop to 190.000 EUR
Corporate income tax: 43.700 EUR
Net income company: 146.300 EUR
Net income owner: 133.095 EUR
25
26. Health and social insurance
Extension to ‘dohodari’
Dohodari will be considered entirely as ‘employees’,
Therefor not only accident and guarantee insurance, but all types
of insurance
Contributions due by the employer and employee
Will be enjoying then also the benefits
Some exceptions,
students
Recipients of a pension
These categories still escape the sickness, unemployment and
health care insurance.
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27. Health and social insurance
Self-employed persons
Contributions will increase for them as well,
From currently 44,2% average salary of two years ago to 50%
Calculated from the tax base before deductions of social and
health insurance contributions
Further increases for those earning more than 1.200 € monthly
Negative impact also from the reduction in the lump-sum
expenses
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28. Health and social insurance
Technical issues
Annual reconciliation
Changed the date till end of September
Done now by the health insurance
Changes to the first and second pension pillars
Transfer from the second pillar contributions to the first pillar
(from 9% to 4%)
Voluntary extra contributions are possible and are a tax benefit
(max. 2% from tax base, overall maximum of 943,20 EUR for
2013-
Calculation bases and percentages for the first pension pillar to
be changed yearly
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29. Health and social insurance
Technical issues
Meal allowances
Increased per 1st of September 2012
Minimum amount is now 4,00 EUR for 5-12 hours trip
Thus mealticket should be min. 3,00 EUR
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31. The VGD group
A professional organization of auditors, accountants, payroll, tax
consultants, legal and deal advisors;
30 Partners, 625+ Staff, 30 offices
Present in 10 Mid-European countries
Started in 1981, constantly growing;
Offering high quality services and integrated solutions in the Mid-
European region.
Member of Nexia International
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32. VGD AVOS Slovakia
More than 10 years of experience in SK
Rapidly expanding and growing
Offices in Bratislava and Piestany
Focus on international clients and larger local SME’s
More than 60 staff members in accounting, tax, audit and payroll
administration
Foreign languages spoken: English, Dutch, German and French
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33. VGD AVOS office locations
THE SLOVAK REPUBLIC
Bratislava Piešťany
Moskovská 13 Námestie SNP 1476/4,
811 08 Bratislava 921 01 Piešťany
tel: +421 2 5541 0624 tel: +421 033 7767 321
fax: +421 2 5541 0631 Tel: +421 033 7743 895
vgd.bratislava@vgd.eu vgd.piestany@vgd.eu
www.vgd.eu www.vgd.eu
OTHER COUTRIES
Czech Republic Praha, Liberec, Olomouc
Belgium Brussels, Beringen, Brugge, Gent, Willebroek-Blaasveld, Antwerpen, Antwerpen
L.O., Kuume, Machelen, Dendermonde, Zele
Bulgaria Sofia
Germany Düsseldorf, Leipzig, Essen
Luxembourg Luxembourg
The Netherlands Tilburg, Oisterwijk
Hungary Budapest
Poland Warszawa
Russia Nizhny Novgorod
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34. Thank you for
your attention
The material contained in this publication is provided for general information only. The application of the
information included in this publication will depend on specific circumstances. We recommend that readers
seek professional advice when dealing with any business or legal issues. The material does not represent, nor
replaces legal and tax advisory services. No liability is accepted for acts or omissions taken in reliance upon
the contents of this publication
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