ECONOMY

Self-employed professionals to face double contributions in 2018

Self-employed professionals to face double contributions in 2018

Some 200,000 self-employed professionals will next year be forced to pay double social security contributions to the auxiliary fund for retirement lump sums.

Sources say that the November notices the Single Social Security Entity (EFKA) is expected to issue in the first half of the month will only include the October contributions toward their main pension and healthcare, as auxiliary and lump sum contributions will again not be paid by the nearly 200,000 non-salary workers insured in parallel at EFKA and the auxiliary fund (ETEAEP).

They will pay double contributions next year, as on top of the 2018 dues, they will have to cover the 2017 payments in 11 or 12 installments, as the December notices are expected to show.

This year’s contributions by self-employed professionals are supposed to be calculated according to their 2016 incomes, but the processing of the data has been delayed by the Labor Ministry.

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