SUBSIDY OF EMPLOYER CONTRIBUTIONS FOR THE CREATION OF NEW JOBS IN ACCORDANCE WITH ARTICLE 71 D OF LAW 4172/2013

The cost of employees' wages and employer contributions is the largest cost for most enterprises compared to other costs. However, it is generally accepted that in order to be more competitive, firms need to attract and retain competent employees for whom they will have to pay higher wages and, consequently, higher employer contributions. The tax legislation with article 71D of Law 4172/2013 moves in the direction of lowering insurance contributions so as to help the competitiveness of companies by creating new jobs or improving the existing situation of employees.