Senate for lowering social insurance premiums for small businesses
The Senate (upper house) on Wednesday voted in favour of a bill introducing the so called Small Social Insurance Institution (ZUS) Plus scheme.
The government sponsored bill, passed by the lower house a week ago, foresees lower social insurance premiums for small entrepreneurs who are just starting or are already engaged in business activity. The solution will help micro-entrepreneurs to develop their businesses.
The level of lower social insurance premiums will be closely connected with the level of income of the smallest businesses.
Earlier, Development Minister Jadwiga Emilewicz said that some 320,000 small companies are expected to benefit from the law.
Those eligible to take advantage of the new solution will be companies whose yearly revenue does not exceed PLN 120,000. A company will be able to pay lower premiums for a maximum of three years.
The bill will now be sent to the president for his assent. If signed by the president, the law is to be effective as of February 1, 2020.