This discussion explores whether a Certificate of Coverage (CoC) can exempt employees working in France from paying French social security contributions, especially when Indian PF contributions are already being made. It clarifies that Indian PF is for retirement, while French social security covers healthcare, meaning they are not a direct double payment. The advice suggests checking the specific validity and applicability of the India-France social security agreement with French consultants.
29 May 2024
Hi I am working in a MNC (Software company) as Financial Analyst, can anyone suggest applicability of COC for the PE(Permanent Establishments) associates working in France Country. Since from 3 years onwards the company paying social security for the associates working in france country, at the same time in India also we are paying PF Contribution, which creates double impact of Social security. I checked in "Ministry of External Affairs, India" there is validity period of Social security agreement between India and France. But the consultancy in france, showing an exception for applicability of COC they are charging Social security in Payslips. Can anyone suggest whether Consultancy in france doing correct, Is double effect of Social security payment correct?
29 May 2024
It's not double effect of social security. The PF deduction in India is for after retirement financial security whereas the social security deduction in France is for the medical treatment like health benefits.