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FinMin Misa: Employers to pay 2pct of wage pool into gov't account as from Jan. 1, 2018

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Employers will be setting aside 2 percent of their wage pools, as from 2018, with most of the money to be paid into a governmental account, Minister of announced on Thursday. "Two percent does not mean the wage pool entirely. Part of this 2 percent will become governmental income in the national budget, which in turn will be used to cover healthcare and social security costs. There will be these two components. In fact, 90 percent of the amount will go into the national budget to cover various destinations depending on outlay requests, and 10 percent will go into supporting…

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