The social security tax rate for employers is an import element of the total employment costs. In Europe, the rates differ per country. What are the social security tax rates for employers in Europe? In this blog, we will give a clear overview of the social security tax rates in 2021 for employers in Europe. What is the most expensive European country to hire employees as a North American SME?
As you may know, the employment costs include more than just the wages. The employer social security tax rate is an important element in the total employment costs.
In the table below you can find the employer security tax rate per European country in 2021. To have a more detailed overview per region please click here.
|Country||SST Rate 2021||Population (2020)|
|Czech Republic (Czechia)||33,80%||10,708,981|
|Bosnia and Herzegovina||10,50%||3,280,819|
*Tax rates are checked regularly in 2021 however, please confirm tax rates with the country's tax authority before using them to make business decisions.
On average, the social security tax rate for employers in Europe in 2021 is 20%. This is a lot higher than North American employers are used to. Thinking about hiring in Europe or do you want to learn more about the costs and wages? We would like to invite you to read our blogs and articles on the total employment costs of hiring employees in Europe or the average annual wages in Europe for additional insights.
In case you would like to know more about employment opportunities in Europe, please do not hesitate to contact us. We would love to schedule an introductory call on the opportunities for your business in Europe.
EuroDev, established in 1996 with offices in The Netherlands and France, has a single, defined purpose to help mid-sized North American companies expand their business in Europe. We have created a proven, successful business development model and since our founding, have partnered with over 300 companies to help them define and meet their European business goals. Services provided include Sales Outsourcing, HR Outsourcing and Digital Marketing.