SPAIN - Social Security contributions

SPAIN - COVID-19 - EXTRAORDINARY CONTRIBUTIONS LINKED TO SITUATIONS OF TOTAL OR PARTIAL FORCE MAJEURE.

1. Regarding the contributions accrued in the months of May and June 2020, companies that are in a situation of total force majeure will be exempt from certain contributions to Social Security, provided that, as of February 29, 2020, they had less than fifty workers. If the aforementioned companies had fifty workers or more, registered in Social Security, the exemption from the obligation to contribute will reach 75% of the business contribution.

2. Companies that are in a situation of partial force majeure will be exempt from the payment of certain social insurance in the percentages and conditions indicated in the following table: