Reduction in Socual Security Contributions for Farmers and Breeders
|Written by By Christian Vella — Thu, 17 November 2011|
A measure announced during the Budget Speech for 2011in respect of full-time farmers and breeders concerning reduction in the social security contributions was finally made legal through Legal Notice 455 of 2011. The essence of the measure consists of a reduction in the rate of social security contributions payable by farmers and breeders down to 12% from 15%. The legal notice is effective from 3 January 2011. This means that in the calculation of the final installment (September - December 2011) of social security contributions payable by farmers and breeders, there has to be an adjustment for any over payment of social security contributions made during the year.
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|Last Updated on Thu, 17 November 2011|
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