The Government extended by three months the flat rate of 100 euros for … – Yahoo Finance Spain

The Government extended by three months the flat rate of 100 euros for … – Yahoo Finance Spain

Madrid, December 26 (EFE) .- The Government has today extended three months flat rate of EUR 100 contribution to Social Security for permanent contracts <. / p>

This was announced by the Prime Minister, Mariano Rajoy, in the conference after the Council of Ministers, which has detailed the extended term includes the period from 1 January to 31 March 2015.

In a statement, the Ministry of Employment reports that since its launch last February 25, the measure has encouraged the hiring of 177,731 workers, which means that one in four permanent contracts signed during this period has invoked this method.

The move allows businesses or freelancers who want to hire a new worker stably only pay into Social Security for common contingencies 100 euros to month for the first 24 months.

According to Jobs, the reduction represents an average savings for the employer for about 75% of the contribution for common contingencies, which is reduced to 100 euros per month (1,200 euros year).

This measure, applied to a gross annual salary of 20,000 euros, implies that the employer 3,520 per year contribution to Social Security for every new job created is saved.

Companies with less than 10 employees can benefit option after the first 24 months, an additional 12 months of a 50% share for such contingencies.

Also, companies or autonomous benefiting from this flat fee are required to maintain at least the level of employment created with the new contract during the period of application of the reduction.

In addition, they can not have done disciplinary dismissals or objective reasons, declared inadmissible or redundancies in the six months preceding the date of conclusion of the contract.

The companies that do not maintain the level of total employment and the level of permanent employment in the next three years the contract shall reimburse all or part of amounts that have been saved.

If they fail the first year, they must enter all the reduction, if they violate the second year, 50% and if they break the third year, 33%.

It also requires that the company is current on its obligations to the Social Security and tax, and that has not been sanctioned for breaches of social legislation in the past two years.