Employer expense | €1,338.00 |
| Social tax | €330.00 |
| Employer unemployment insurance tax | €8.00 |
Gross salary | €1,000.00 |
| Funded pension | €20.00 |
| Employee unemployment insurance tax | €16.00 |
| Income tax Used tax-free income minimum€654.00 | €62.00 |
Net salary | €902.00 |
Tax information 2024
- The rate of income tax withholding is 20% TMS § 4 lg 1
- Tax-free income varies 0…7848 / 12 = 0…654 EUR/month TMS § 23 lg 1 ja lg 2
- Social tax is 33% SMS § 7 lg 1
- The minimum obligation of social tax for an Employment Contract is 725 EUR x 0,33% = 239,25 EUR/month 2023 RES § 2 lg 7, SMS § 2 lg 2, SMS § 21
- The rates of unemployment insurance contributions are:
- for employee 1.6% VV määrus 15.09.2022 nr 88
- for employer 0.8% VV määrus 15.09.2022 nr 88
- The rate of funded pension payment is 2% for members and 0% for non-members. Funded pension subscription can be verified here KPS § 9
- The minimum wage (minimum salary) is:
- monthly 820 EUR VV määrus 09.12.2022 nr 124
- hourly 4.86 EUR VV määrus 09.12.2022 nr 124