Greece

Currency
Euro (EUR)
Payroll Frequency
Monthly
Employer Taxes
22.54%

About 

Greece

Considered to be the cradle of Western civilization, Greece is a southeastern European country characterized by a mountainous mainland and many islands in the Mediterranean and Aegean Seas. Modern Greece is the largest economy in the Balkans, with particularly prominent tourism and shipping sectors.

Overview

Population
10.72 million
Language
Greek
Capital
Athens
Currency
Euro (EUR)
Country code
+30
Min wage
758.33 EUR per month
Working hours
8 hours a day, starting between 8 am and 9 am
Weekdays
Monday to Friday
Work hours per week
40 hours

Payroll

Cycle

Monthly

Avg employer tax

22.54%

Taxation

Tax breakdown - Employer
  • Pension Fund: 3.33%
  • Health Care: 4.30%
  • Health in Benefit: 0.25%
  • Supplementary Insurance: 3.25%
  • Additional Contributions: 1.41%
VAT

24%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 6 Jan: Epiphany
  • 15 Mar: Clean Monday
  • 25 Mar: 25th of March (national holiday)
  • 25 Mar: Annunciation of the Lord
  • 30 Apr: Orthodox Good Friday
  • 1 May: Labor Day / May Day
  • 3 May: Orthodox Easter Monday
  • 4 May: Day off for Labor Day / May Day
  • 21 Jun: Orthodox Holy Spirit Monday
  • 15 Aug: Dormition of the Holy Virgin
  • 28 Oct: The Ochi day
  • 25 Dec: Christmas Day
  • 26 Dec: Synaxis of the Mother of God
Sick days

Sick leave is dependent on the length of time an employee has worked for the employer

  • For four years of work, one month of leave is granted
  • For ten years of work, three months of leave is granted
  • For 10 years and more of work, four months is granted
  • For 15 years of work, siz months is granted
Maternity leave

The first month of the 119 days of maternity leave is paid by the employer and the rest is paid by EFKA. Before childbirth, 56 days can be taken off. In addition, six months of leave are paid by the labor Employment Office at minimum wage.

Paternity leave

2 days are granted as paid paternity leave after childbirth.


Termination

Termination Process

The employer must meet the following two conditions for lawful termination

  • The termination must be made in writing
  • The termination compensation must be paid

Notice Period

For employees who have served for the stated time period the following notice is required:

  • From 12 completed months to two years, one month's notice
  • From two to five years, two months' notice
  • From five to 10 years, three months' notice
  • Served 10 years or more, four months' notice
Severance Pay

The severance pay is depended on the length of time an employee has worked for the employer. The amounts are stipulated as:

  • 1 year - two months gross salary
  • 4-6 years - three months gross salary
  • 6-8 years - four months gross salary
  • 10 years - 6 months gross salary
  • 11 years - seven months gross salary
  • 12 years - eight months gross salary
  • 13 years - nine months gross salary
  • 14 years - ten months gross salary
  • 15 years - 11 months gross salary
  • Over 16 years - 12 months gross salary
Probation Period

Usually 12 months

Tax Calculation

*
Thank you! Your submission has been received!
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GR
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Greece

Currency
Euro (EUR)
Payroll Frequency
Monthly
Employer Taxes
22.54%

About 

Greece

Considered to be the cradle of Western civilization, Greece is a southeastern European country characterized by a mountainous mainland and many islands in the Mediterranean and Aegean Seas. Modern Greece is the largest economy in the Balkans, with particularly prominent tourism and shipping sectors.

Overview

Population
10.72 million
Language
Greek
Capital
Athens
Currency
Euro (EUR)
Country code
+30
Min wage
758.33 EUR per month
Working hours
8 hours a day, starting between 8 am and 9 am
Weekdays
Monday to Friday
Work hours per week
40 hours

Payroll

Cycle

Monthly

Avg employer tax

22.54%

Taxation

Tax breakdown - Employer
  • Pension Fund: 3.33%
  • Health Care: 4.30%
  • Health in Benefit: 0.25%
  • Supplementary Insurance: 3.25%
  • Additional Contributions: 1.41%
VAT

24%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 6 Jan: Epiphany
  • 15 Mar: Clean Monday
  • 25 Mar: 25th of March (national holiday)
  • 25 Mar: Annunciation of the Lord
  • 30 Apr: Orthodox Good Friday
  • 1 May: Labor Day / May Day
  • 3 May: Orthodox Easter Monday
  • 4 May: Day off for Labor Day / May Day
  • 21 Jun: Orthodox Holy Spirit Monday
  • 15 Aug: Dormition of the Holy Virgin
  • 28 Oct: The Ochi day
  • 25 Dec: Christmas Day
  • 26 Dec: Synaxis of the Mother of God
Sick days

Sick leave is dependent on the length of time an employee has worked for the employer

  • For four years of work, one month of leave is granted
  • For ten years of work, three months of leave is granted
  • For 10 years and more of work, four months is granted
  • For 15 years of work, siz months is granted
Maternity leave

The first month of the 119 days of maternity leave is paid by the employer and the rest is paid by EFKA. Before childbirth, 56 days can be taken off. In addition, six months of leave are paid by the labor Employment Office at minimum wage.

Paternity leave

2 days are granted as paid paternity leave after childbirth.


Termination

Termination Process

The employer must meet the following two conditions for lawful termination

  • The termination must be made in writing
  • The termination compensation must be paid

Notice Period

For employees who have served for the stated time period the following notice is required:

  • From 12 completed months to two years, one month's notice
  • From two to five years, two months' notice
  • From five to 10 years, three months' notice
  • Served 10 years or more, four months' notice
Severance Pay

The severance pay is depended on the length of time an employee has worked for the employer. The amounts are stipulated as:

  • 1 year - two months gross salary
  • 4-6 years - three months gross salary
  • 6-8 years - four months gross salary
  • 10 years - 6 months gross salary
  • 11 years - seven months gross salary
  • 12 years - eight months gross salary
  • 13 years - nine months gross salary
  • 14 years - ten months gross salary
  • 15 years - 11 months gross salary
  • Over 16 years - 12 months gross salary
Probation Period

Usually 12 months

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
GR
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation