KPMG Global (01.05.2020) To reduce costs and improve cash flow immediately, social security contribution rate will be reduced with 4 percent of the total contribution rate of 14.1% assumable for the salary payments in May and June. Some areas in Norway pay 0%. These areas will receive a subsidy equal to 4 % of the employer social security contribution base.
To reduce costs and improve cash flow immediately, employers' social security contribution rate will be reduced with 4 percent of the total contribution rate of 14.1% assumable for the salary payments in May and June, now with an extension from August 15th to October 15th. Some areas in Norway pay 0%. These areas will receive a subsidy equal to 4 % of the employer social security contribution base.
Employer social security contribution–rate reduction
- To reduce costs and improve cash flow immediately, social security contribution rate will be reduced with 4 percent of the total contribution rate of 14.1% assumable for the salary payments in May and June.
- Some areas in Norway pay 0%. These areas will receive a subsidy equal to 4 % of the employer social security contribution base.
Employer social security contribution–postponement of payment
- Payment of employer social security contribution for March and April is postponed until 15 August 2020.
- Payment of employer social security contribution for May and June is postponed until 15 October 2020.