Individual Tax Alert (07/12/2012)
Indexation of OSSO contributions as of 1 December 2012
Under the Overseas Social Security Scheme (OSSO), contributions have to be paid by the employer or the employee for persons affiliated with OSSO as part of their foreign assignment.
In application of article 19 of the 17 July 1963 law on overseas social security, OSSO contributions are adapted to the consumer price index. From 1 December 2012, the OSSO contributions are therefore increased by 2%. This should be taken into account when OSSO payments are made for any of your employees affiliated with the OSSO.
Click on the below link to view and download the full alert article.
Full article (click on title to open)