Monaco Sets New Social Security Contribution Rates from October 2018

Effective 1 October 2018, Monaco has set the social security contribution rates for employers as follows:
- Health insurance and family allowances – 15.05%
- Pension – 8.03%
- Unemployment – 4.05%
For employees the contribution rates are:
- Pension – 6.55%
- Unemployment – 2.40%
Contributions are made based on gross monthly salary, subject to monthly contribution basis caps equal to EUR 8,600 for h…
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