Social Security contributions

The term 'cotización a la Seguridad Social' in Spanish translates to 'Social Security contributions' in English. It refers to the payments made to the social security system that is a part of the taxes paid by employees, employers or the self-employed in most countries. These payments fund the welfare state and provide benefits to people who are sick, unemployed, or retired. The contribution rate is often a percentage of the individual's earnings. The term is of critical importance to understand for those working or planning to work within the Spanish economy or when conducting any form of employment contract negotiation or analysis.

Example sentences using: cotización a la Seguridad Social

Es importante revisar la cotización a la Seguridad Social antes de hacer la declaración de impuestos.

It is important to review the quote for Social Security before filing the tax declaration.

This phrase emphasizes the necessity of checking the Social Security quote when preparing for tax filing, highlighting its relevance in financial matters.

La empresa debe calcular la cotización a la Seguridad Social de cada empleado mensual.

The company must calculate the Social Security quote for each employee monthly.

This sentence outlines the responsibility of a company to compute the monthly Social Security quote for its employees, which is essential for compliance with labor laws.

Si no se paga la cotización a la Seguridad Social, se pueden perder ciertos beneficios.

If the Social Security quote is not paid, certain benefits may be lost.

Here, the phrase warns about the consequences of not paying the Social Security quote, indicating that failure to do so can result in the loss of specific benefits.