The individual income tax ranges from 16% to 50%. Income tax is calculated [according to progressive rates. Multiple additional factors may impact overall rates such as the household status and the number of children.
Gross Annual Income | Tax Rate (%) |
---|---|
Up to EUR 8,500 | 16% |
Up to EUR 25,000 | 26% |
Up to EUR 50,000 | 33% |
Up to EUR 72,000 | 39% |
Over EUR 72,000 | 50% |
The employer cost range is 16.64% of the employee's salary.
Monthly Costs
Standard working hours are 40 hours per day, 8 hours per week. The standard work week is from Monday to Friday.
Overtime payment is not mandatory. Hours outside of standard work hours can be considered overtime. Overtime wages should be agreed between the parties.