HR & Labor
Minimum wage is 300 EUR per month.
The employer is responsible for 30.98% of the employee’s monthly salary as a contribution to the pension fund.
Employee must contribute 3% of their monthly wages to their pension fund. The contribution ceiling is 3,740 EUR per month.
The severance payment is calculated per one month’s average wage when the employee has been in the company for 12 months or less and up to six months’ average when the employment is over 240 months.
Employee must give 7 days notice before terminating the contract.
Employer must give 7 days notice before terminating the contract.
Employees receive 28 paid vacation days per year.
Employees are entitled to 120 days but no more than 140 days per year for a sick leave.
There are 11 public paid holidays per year.
Additional Employee Withholdings
1) Health Insurance
1) Employer must contribute 32.6%
1) Employee must contribute 6%.
VAT is 21% standard rate.