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France Confirms Social Security Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

25 August 2017


The French Government has confirmed that proposed changes to employee social contributions, intended to boost spending power, will go ahead next year.

Under the plans, announced by the Finance Ministry on August 23, employee contributions for health and unemployment insurance will be phased out by the latter half of 2018. These contribution rates are currently set at 0.75 percent and 2.4 percent, respectively.

However, this measure will be offset by a 1.7 percent increase in the general social contribution (CSG) for employees next year. Currently, the CSG is 7.5 percent of an employee's wages.

The exact timings of the proposed changes is due to be announced later this year when the Government announces its social security finance bill.

The changes are expected to benefit 21m employees and workers, according to the Government.

TAGS: Finance | insurance | employees | unemployment | social security | France

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