Tax information 2023

• 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 654 EUR x 0,33% = 215,82 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 725 EUR VV määrus 09.12.2022 nr 124
  • hourly 4.3 EUR VV määrus 09.12.2022 nr 124