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Moldova Introduces Minimum Social Security Contribution

|Approved Changes|Moldova
Moldova

Moldova published Law No. 242 of 28 July 2022 in the Official Gazette on 19 August 2022, which introduces a minimum social security (insurance) contribution requirement for employees. Under prior rules, employers are required to pay social security contributions based on the gross salary, wages, etc. paid to employees, with no set minimum. As provided by Law No. 242, a minimum contribution is introduced equal to 25% of the minimum monthly salary/wage (50% originally proposed). Considering th…

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