I am self-employed

 Published: 28.12.2020. 12.27


 

  • How much will the mandatory payments be in the future?
    • From 1 January to 30 June 2021, the procedure for making mandatory contributions for the self-employed will not change. If a self-employed person’s income is above the minimum wage (EUR 500), he/she must make the Mandatory State Social Insurance Contribution (SSIMC).
       

      From 1 January to 30 June 2021, self-employed persons must pay a 5% SSMIC pension contribution.


      From 1 January to 30 June 2021, if your monthly salary is:

      Above the minimum monthly wage

      Under the minimum monthly wage

      Under EUR 50 annually

      EUR 500 +

      EUR 50 – 500

      Less than EUR 50

      You pay 32,15% of the amount over 500

      +

      5% pension contribution on the amount over 500

      You pay a 5% pension contribution

      You make no contribution


      As of 1 July 2021, pension contributions increase to 10%
       

      Above minimum monthly wage

      Under minimum monthly wage

      EUR 500 +

      EUR 01 – 500

      You pay 32,15% of the amount over 500

      +

      10% pension contribution on the amount over 500

       

      You pay a 10% pension contribution


      Within three months after the end of the quarter, the State Social Insurance Agency (SSIA) shall calculate the minimum mandatory contributions to be made by the self-employed person and shall notify SRS of this by the 20th day of the third month.

      SRS shall, within one business day, notify the self-employed person of the amount through EDS.

      The self-employed person shall transfer the amount to the State by the 23rd day of the third month from the date of receipt of the notification.

      After the end of the calendar year, SSIA shall recalculate the minimum mandatory contributions within three months, and SRS shall inform the self-employed person about overpaid minimum mandatory contributions.