Employers PRSI rate has been halved from 8.5% to 4.25% from 2nd July 2011.
All employees earning less than 356 Euro per week will be eligible for the new Employers PRSI rate.
The minister announced a reduction in the employer PRSI rate from 8.5% to 4.25% to assist in job creation. This will reduce employer costs in the creation of new jobs. This new rate will apply from 2nd July 2011 until the end of 2013. This is a welcome move which will hopefully assist businesses in these difficult times.