MP 932: The Senate approves a decrease in the contributions rates for part of System S

New text goes to presidential sanction.

26/06/2020

HIGHLIGHTS

MP 932: The Senate approves a decrease in the contributions rates for part of System S

 

New text goes to presidential sanction


On Jun-23-2020, the Senate approved the Provisional Measure Conversion Law (MP) 932/2020 into law, which exceptionally reduced the contributions rates paid by companies to the Autonomous Social Services, which are part of the S System, as a measure to offset the effects of the Covid-19 pandemic.

The text now goes to presidential sanction. Within 15 days the changes made by Congress must be evaluated to decide on the sanction or veto.

Among the changes, we highlight the restriction of the tax cut on April and May. The original text covered April, May and June. With this, the contribution for June should be collected in full.

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