Germany's Federal Ministry of Labour and Social Affairs has issued the draft ordinance for setting the maximum annual income basis for social security contributions for 2020. For general pension insurance and unemployment insurance, the maximum basis is:
- EUR 82,800 for Western Federal States (old States); and
- EUR 77,400 for Eastern Federal States (new States).
For health insurance and nursing insurance for disability and old age, the maximum annual basis is EUR 56,250 for all Federal State…