SOCIAL DEPOSITS IN 2021
SOCIAL DECISIONS IN 2021 Let's analyze what social contributions are in Germany. There are two types of deductions from an employee: social payments and income tax. Let's take a closer look at SOCIAL DECISIONS from wages. In most cases, they are paid by 50% of the employee and 50% of the employer. First, all social contributions are calculated from 100% of the gross salary. Only then is income tax charged. Social benefits in […]
GERMANY INCOME TAX
We constantly hear that taxes are huge in Germany. Let's figure out whether they are so huge and what they depend on. There are two types of deductions from an employee: Social benefits. Income tax. Social benefits (part of the employee Angestellter is indicated): 9,3% - Pension Fund (Rentenversicherung), but not more than 7'100 € per month, in the eastern states from 6'700 €. We are, of course, talking about [...]
