In the twin "hat" for the December blocks

His Dimitris Katsaganis

With double contributions, most likely, starting next month, those who work in parallel and "blocked" incomes will have higher incomes in 2016 than in 2015.

Under Yesterday EMPA announced, the contributions for 2017 for the above-mentioned categories of insurers ended and the corresponding ads were posted between Friday, November 30 and Saturday, December 1.

At the same time, according to the EMFF, until Friday 7 December, the current contributions of all self-employed workers will have to be paid by October 2018.

Thus, in the likely scenario, the first installment of retroactive contributions for the same employees and the "freezes" will result in a debit balance of last year's contribution offset.

A debit balance will appear for all those who reported in 2016 a higher income than in 2015 and who therefore made contributions lower than 2017 compared to what they would have been.

The difference between the contributions to be paid and the contributions paid must now be paid. However, the refund will be made in five equal monthly installments.

The opposite will occur for all those who, at the same time, were insuring or "blocking" that their incomes were decreasing in 2016 compared to 2015. This would result in a credit balance. EFCA will therefore have to reimburse the difference between paid and paid contributions.

The basic condition for the return of retroactive contributions is that the balance concerned is greater than EUR 50 and that the repayment beneficiary has no outstanding debts.

If the credit balance is less than € 50, it will be deducted from future contributions. If there are also debts, they will be offset by the credit balance.

Of course, anyone who reported the same income in 2016 and 2015 would have a balance of zero and therefore would not receive any return from EFCA, nor would they be called back to make the difference.