Overview

Capital
Currency
Euro (€) (EUR)
Date Format
dd/mm/yyyy

Taxes

Employer
5.5% - Pension and Disability insurance
2.3% - Health Insurance
0.5% - Unemployment Insurance
Employee
15% - Pension and Disability Insurance
8.5% - Health Insurance
0.5% - Unemployment Insurance

Minimum Wage

General

The minimum wage is 753 EUR per month.

Payroll Contributions

Pension Fund
Employee: contributes 15%. Contributions are capped at 50,000 EUR per year.
Health Insurance

Employer: 4.3% contribution

Employee: 8.5% contribution

Unemployment Insurance
Employer: 0.5% contribution
Employee: 0.5% contribution

Leave

Public Holidays

There are 15 official paid holidays.

Termination

Termination Process

The employer must provide at least 30 days notice.

Notice Period

The employee must provide the employer with 30 days notice.

Severance Pay

The severance pay is 6 months of employee’s average wages.

VAT

General

VAT is 19% standard rate.