With effect from 1 July 2024, an amendment to the Social Security and Health Insurance Acts has been approved. The changes mainly concern the regulation of social security and health insurance contributions due from income from employee share and option plans.
The amendment aligns the time of payment of social security and health insurance contributions from income in the form of employee options and shares with the payment of income tax. As we have already informed you in our earlier article, as of the new year, the taxation of employee options and shares was postponed, in some cases for up to 10 years.
The amendment has now confirmed the deferral of social security and health insurance premiums as well, which we have seen diverge between January 1 and June 30, 2024 for the taxation of employee stock and option plans through payroll.
We will keep you informed of further developments. If you have any questions, please contact us.