News from Honduras regarding employee and employer contributions to Social Security.
2015’s Framework Law of the Social Protection system has been deemed unconstitutional by the Honduran Supreme Court and subsequently confirmed by publication of the declaration in the Official Gazette La Gaceta on 27 October 2022.
This means that, from December 2022, monthly Social Security contribution rates are returning to the percentages established in the Social Security Law decree 140-1959, articles 55-A and 55-B.
The new rates and limits applied by the Honduran Social Security Institute (IHSS) are:
Contribution rates & ceilings for private sector companies with 11 or more employees:
Period from January to December 2022
| Contribution | I.V.M. | E.M. | R.P. | Total % |
|---|---|---|---|---|
| Celing | 10,796.49 | 10,342.19 | 10,342.19 | *** |
| Worker | 1.0% | 2.5% | 0.0% | 3.5% |
| Employer | 2.0% | 5.0% | 0.2% | 7.2% |
| Total | 3.0% | 7.5% | 0.2% | 10.7% |
Maximum quote in lempiras
| Contribution | I.V.M. | E.M. | R.P. | Quotable Amount |
|---|---|---|---|---|
| Worker | 107.96 | 258.55 | 0.00 | 366.52 |
| Employer | 215.93 | 517.11 | 20.68 | 753.72 |
| Total | 323.89 | 775.66 | 20.68 | L 1,120.24 |
Contribution rates & ceilings for private sector companies with 10 employees or less:
Period from January to December 2022
| Contribution | I.V.M. | E.M. | R.P. | Total % |
|---|---|---|---|---|
| Celing | 10,782.30 | 10,342.19 | 10,342.19 | *** |
| Worker | 1.0% | 2.5% | 0.0% | 3.5% |
| Employer | 2.0% | 5.0% | 0.2% | 7.2% |
| Total | 3.0% | 7.5% | 0.2% | 10.7% |
Maximum quote in lempiras
| Contribution | I.V.M. | E.M. | R.P. | Quotable Amount |
|---|---|---|---|---|
| Worker | 107.82 | 285.55 | 0.00 | 366.38 |
| Employer | 215.65 | 517.11 | 20.68 | 753.44 |
| Total | 323.47 | 775.66 | 20.68 | L 1,119.82 |
The IHHS seeks to provide the Honduran people with health and pension benefits and, though it hasn’t yet reached everyone, its coverage of the population is still growing. This update confirms that progress is made in confirming the organisation’s stability, security, and guarantees the work of the IHHS.
Auxadi’s team of experts in Tegucigalpa is happy to talk you through how these changes will affect your operations in Honduras.
Contact our team today to find out exactly how we can help you
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All information contained in this publication is up to date on 2022. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.