Macedonia - Macedonia Lowers Social Security Rates

Macedonia Lowers Social Security Rates

An amendment of the Law on mandatory social security insurance contributions ("LMSSSC") was announced on 30 December 2011 by Macedonia’s government. The amendment establishes a gradual reduction of the mandatory social insurance contribution rates. This gradual rate reduction is part of the social security reform that was initiated in Macedonia in light of the adoption of the gross salary concept in 2009.

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