I'm curious about the functioning of the USC. Could someone explain how it operates or what its mechanisms are?
5 answers
Maria
Tue Nov 19 2024
Pensions, which provide income to retirees, fall under the ambit of the USC as well.
CryptoTitan
Tue Nov 19 2024
The Universal Social Charge (USC) serves as a tax levy on various forms of income.
Stefano
Tue Nov 19 2024
It encompasses a wide range of earnings, including wages and salaries earned by individuals from their employment.
Claudio
Tue Nov 19 2024
Bonuses received by employees, which are often additional payments for performance or other achievements, are also subject to this tax.
Carlo
Mon Nov 18 2024
Self-employment income, earned by individuals who run their own businesses or are freelancers, is another category of income taxed by the USC.