A minimum monthly amount and calculation base for mandatory state social insurance contributions will be introduced in Moldova from 2023.
According to the amendments to the legislation, published in the latest issue of Monitorul Oficial (the Official Journal of Moldova), the monthly basis for the calculation of social insurance contributions for each employee can't be lower than the minimum monthly salary in the country, set by law, proportionally to the hours worked. The social insurance contribution calculated on a monthly basis for each part-time or reduced-time employee cannot be less than 25% of the social insurance contribution calculated on the basis of the national minimum monthly wage. These innovations will apply from January 1, 2023. As the National Social Insurance Agency (CNAS) explained, due to the fact that the monthly basis for calculating contributions to be paid by the employer is the amount of wages and other benefits, the law has clarified its amount, which cannot be lower than the national minimum wage set by law, in proportion to the hours worked. The monthly national minimum wage is 20.71 lei per hour or 3500 lei per month, calculated on basis of full working hours (169 hours per month on average). Accordingly, the monthly base for the calculation of the state social insurance contribution for a full-time employee cannot be less than 3,500 lei. "At the same time, the minimum amount of state social insurance contributions was also established for employees who work part-time or on a reduced schedule. In this case, the monthly contribution cannot be less than 25% of the amount of social insurance contribution calculated from the minimum monthly salary in the country. Respectively, for an employer who applies the 24% social insurance installment rate, the monthly installment to be paid for each employee cannot be less than 210 lei (3500 lei*24%*25%), CNAS said. // 08.09.2022 – InfoMarket
