What is the Single Social Tax and who is exempt?
Posted: Thu Dec 05, 2024 10:31 am
This is a tax that workers and companies are required to pay monthly to Social Security. The amount to be paid is based on each worker's salary and contributes to their retirement. The monthly burden for the worker is 11%. In turn, the company is responsible for 23.75% of TSU.
Who is exempt from TSU?
Companies are exempt from paying the single social tax when they twitter phone number data into permanent employment contracts :
Long-term unemployed (over 45 years old and registered at the employment center for more than 25 months);
Open regime inmates;
Workers with a fixed-term employment contract (linked to the company).
However, in order to benefit from the TSU exemption, the company must meet certain requirements :
Be duly constituted and registered;
Have your tax and contribution situation regularized with Social Security and the Tax and Customs Authority;
Keep your salary payments up to date;
Enter into an open-ended employment contract with the employee (full or part-time);
Have a total number of workers at your service that is higher than the average number of workers registered in the 12 months immediately preceding.
How long is the TSU Exemption Period?
The exemption takes effect from the date the employment contract starts or the following month, in the case of prisoners in an open regime. The exemption can last up to 36 months .
The period of exemption from the contribution fee is suspended if the employment contract is suspended due to the employee's incapacity or inability to work.
The exemption from payment of contributions ceases when:
The stipulated concession period ends;
Access conditions are not met;
Failure to submit remuneration statements;
The employment contract ends.
Who is entitled to the TSU Reduction?
Companies can benefit from a reduction in the single social tax when hiring :
Young people looking for their first job;
Long-term unemployed;
Workers in your service already bound by a fixed-term employment contract;
Open regime inmates;
Workers with disabilities;
Workers who combine professional activity with disability or old age pensions.
Who is exempt from TSU?
Companies are exempt from paying the single social tax when they twitter phone number data into permanent employment contracts :
Long-term unemployed (over 45 years old and registered at the employment center for more than 25 months);
Open regime inmates;
Workers with a fixed-term employment contract (linked to the company).
However, in order to benefit from the TSU exemption, the company must meet certain requirements :
Be duly constituted and registered;
Have your tax and contribution situation regularized with Social Security and the Tax and Customs Authority;
Keep your salary payments up to date;
Enter into an open-ended employment contract with the employee (full or part-time);
Have a total number of workers at your service that is higher than the average number of workers registered in the 12 months immediately preceding.
How long is the TSU Exemption Period?
The exemption takes effect from the date the employment contract starts or the following month, in the case of prisoners in an open regime. The exemption can last up to 36 months .
The period of exemption from the contribution fee is suspended if the employment contract is suspended due to the employee's incapacity or inability to work.
The exemption from payment of contributions ceases when:
The stipulated concession period ends;
Access conditions are not met;
Failure to submit remuneration statements;
The employment contract ends.
Who is entitled to the TSU Reduction?
Companies can benefit from a reduction in the single social tax when hiring :
Young people looking for their first job;
Long-term unemployed;
Workers in your service already bound by a fixed-term employment contract;
Open regime inmates;
Workers with disabilities;
Workers who combine professional activity with disability or old age pensions.