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However, the EU Regulation includes exemptions allowing an assigned employee to remain in his/her home social security system. There is a specific exemption available if the assignment is not expected to exceed 12 months. An exemption can also apply if the assignment period is extended by an additional 12 months, provided the specific conditions of the Regulation are met and the competent authorities grant approval.

The EU Regulation is not applicable to individuals who are not subject to the social security scheme in some of the EU, EEA states or Switzerland. Such foreigners who are employed in Slovakia by a Slovak entity must contribute to the Slovak social security system.

Slovak domestic law

According to the Slovak social and health care security system, an individual pays contributions to the social security and health care systems as below. It should be noted that Slovak social security payments are subject to a "cap" as highlighted in the table 12.

Retirement insurance

2,892.12 / 2,978.00

4.0

14.0

Disability insurance

2,892.12 / 2,978.00

3.0

3.0

Sick leave insurance

1,084.55 / 1,116.75

1.4

1.4

Unemployment insurance

2,892.12 / 2,978.00

1.0

1.0

Contribution into the Reserve fund of the SIC

2,892.12 / 2,978.00

0.0

4.75

Guaranty insurance

1,084.55 / 1,116.75

0.0

0.25

Injury insurance

no limit

0.0

0.8

Health care insurance

2,169.09

4.0

10.0

TOTAL in %

13.4

35.2

TABLE 12

Employer (in %)

e monthly

* The maximum base for social security insurance is calcul salary in the Slovak economy in 2008 (until 30 June 2010 – and 2009 (from 1 July 2010 – the second amount applies).

ated as multiple of averag the first amount applies)

Source: Social Security Authorities, Statistical Office of the

Slovak Republic

Social security contributions

Effective from 2009

Max. comp. base in EUR*

Employee (in %)

67

©2010 KPMG Slovensko spol. s r.o. , a Slovak limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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