1 December 2020
Greece has approved the law providing for a reduction in social security contributions from 1 January to 31 December 2021, which includes a combined reduction of 3% for private-sector employer and employee contributions. The 3% reduction is achieved through reductions in both employee and employer contributions for unemployment insurance and different contributions for the implementation of social policies, with a total reduction of 1.63% for employees and 2.27% for employers. All non-private-sector employees are excluded from the reduction, including employees of public service bodies, decentralized administrations, regional authorities and their legal entities, legal entities under public law, and legal entities under private law within the General government.
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