Extension of submission to the Register of Beneficial Owners until March 31 2024
The Department of the Registrar of Companies and Intellectual Property, with a view to updating the Register of Beneficial Owners on the basis of the upgraded digital platform, announces the extension of the submission of Beneficial Owners details, for all Companies and other legal entities, until March 31 2024. After this date, non-compliant Companies and other legal entities will receive penalties according to the Prevention and Suppression of Money Laundering and Terrorist Financing Law 188(I)2007, enacted by the House of Representatives on 23/02/2021.
Increase of Social Insurance Contributions as of 01.01.2024
The Social Insurance Services announced that the contribution rates to the Social Insurance Fund, as of 01/01/2024:
- For employees 22.8%, of which 8.8% is paid by the employee, 8.8% by the employer and 5.2% by the Fixed Fund of the Republic,
- For self-employed persons 21.8%, of which 16.6% is paid by the self-employed and 5.2% by the Fixed Fund of the Republic,
- For employees covered by an occupational scheme without the employee contributing to it 22.8%, of which 4.45% is paid by the employee, 13.15% by the employer and 5.2% by the Fixed Fund of the Republic.
