In Greece, the following must be adhered to under strict local legislation:

• Employer Taxes approx. 22.54%
• Minimum Wage EUR 650 per month
• 13th & 14th Month Payments

How does payroll work in Greece?

Employees in Greece are entitled to 13th and 14th month payments. This is not an additional expense to the employer as the annual salary is divided into 14 equal segments. The employees receive one portion each month with an additional half-month salary payable over Easter, another half-month salary towards a vacation bonus and an additional full month’s salary in December.

What are the general employment rules?

A full-time working week consists of 40 hours. Full-time workers are entitled to a minimum of 20 days’ paid leave per year. For the first two years of employment, an additional 1 day of entitlement is added, following a completed year of service. After 10 years of service this is increased to 25 days, and 26 days following 25 years of service. Employees are entitled to a vacation bonus equal to half a month’s salary – this is not an additional expense to the employer as it forms part of the 14-month calculation.

What about dismissing an employee?

Employers dismissing an individual outside of a probation period must follow a set process. This includes proper cause and supplying the appropriate notice to the employee. We suggest speaking with one of our Employment Law Specialists prior to engaging with a dismissal. Severance payments may be required for employees that have more than 1 year of service.