Wednesday, 9 April 2014

Social security agreement between India and Sweden

The social security agreement between India and Sweden was signed on 26 November 2012 and the agreement was expected to come into force in April 2014. However, to date, there has been no confirmation on the date of ratification. The delay is due to continued discussions between the Indian and Swedish authorities.

This agreement has the potential to provide major social security cost savings for employers as well as streamlining benefits and contribution procedures. Once the agreement comes into force, assignees will no longer be liable to pay both Indian and Swedish compulsory social security contributions.

As of now, India has signed social security agreements with 17 countries.

Social security agreements with the following 9 countries are in force: Belgium, Germany, Switzerland, Denmark, The Luxembourg, France, South Korea, The Netherlands and Hungary.

Social security agreements with the following 8 countries are signed but not in force as yet: Czech Republic, Norway, Finland, Canada, Japan, Sweden, Austria and Portugal.

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