Rule monitor
LawSocial Security wage base for 2027 set at $192,300 (6.2% each for employee and employer)Jan 1, 2027LawTax-free amount of salary rises to RSD 37,369 a month (Official Gazette 80/2026)Jan 1, 2027LawNon-taxable minimum rises to €570 a monthJan 1, 2027CabinetMinimum monthly wage rises to €1,245 (Government resolution No 509)Jan 1, 2027LawThe 5-point SGK discount for manufacturing employers ends on 31 December 2026 unless the President extends it (Law 5510, provisional Art. 108)Jan 1, 2027DueIRS 2027 inflation adjustments (brackets, standard deduction)Nov 2026LawNew withholding tax key formula: tax-free amount €11,550 and new child reductionsNov 1, 2026DueAutumn Budget — income tax thresholds already frozen to April 2031Oct 28, 2026Cabinet2027 contribution ceilings: pension €8,850, health €6,375 a monthOct 7, 2026BillBudget 2027 — standard rate band +€2,500, personal credits €2,125Oct 6, 2026LawContribution ceilings raised: CCSS €10,000, CAR €6,276, CMRC band A €4,067 a monthOct 1, 2026Law2027 minimum wage set at 4,950 zł a month (Council of Ministers regulation)Sep 15, 2026LawMaximum insurable income rises to €2,300 a month (from €2,111.64)Aug 1, 2026LawMinimum wage RON 4,325; tax-free amount on the minimum wage cut to RON 200 for gross pay up to RON 4,600Jul 1, 2026LawNew split of the 28% contributions: pension 19.9%, unemployment 0.1% (Official Gazette 148/2026)Jul 1, 2026LawIndex tranche +2.5%: social minimum wage €2,771.33, contribution ceiling €13,856.63Jun 1, 2026LawMinimum wage (SMIC) raised to €12.31 an hourJun 1, 2026Law2026 contribution order published: ceiling €5,101.20 a month, MEI levy 0.90%Mar 31, 2026LawCompulsory health contribution rises to €39.36 a month (Official Gazette 16/2026)Mar 1, 2026LawNew 2026 IRS withholding tables for the mainland, Azores and MadeiraJan 1, 2026LawIRPEF second bracket (€28,000–50,000) cut from 35% to 33%Jan 1, 2026LawIGR reform: the SMaC card deduction becomes a tax credit (Law 141/2025)Jan 1, 2026LawPension contribution up to 8.5% (employee and employer); CO2 tax credit €216 a yearJan 1, 2026Law2026 average wage 48,967 Kč: 23% tax above 146,901 Kč a month, social insurance ceiling 2,350,416 Kč a yearJan 1, 2026LawFour income tax bands from 2026 — 19, 25, 30 and 35%; employee health insurance 5%Jan 1, 2026LawFamily allowance in 2026: 133,340 Ft a month per dependant with one child, twice the early-2025 amountJan 1, 2026Law2026 withholding tax tariffs for all 26 cantons; BVG thresholds unchanged (entry CHF 22,680, coordination deduction CHF 26,460)Jan 1, 2026LawNew 0.2% employee contribution to the family fund for the parental allowance; employee AHV/IV/FAK now 4.90%Jan 1, 2026LawBracket reform: middle tax (7.5%), top tax (7.5%) and top-top tax (5%) replace the 15% top tax; employment deduction 12.75%, at most DKK 63,300Jan 1, 2026LawLarger job tax credit; state income tax threshold raised to SEK 643,000Jan 1, 2026LawSocial security contribution cut to 7.6%; personal allowance NOK 114,540; bracket tax steps 4 and 5 at 16.8% and 17.8%Jan 1, 2026LawNew income tax scale with a 37.5% top rate; earned income credit up to €3,430; employee pension contribution 7.30%Jan 1, 2026LawNew income tax scale: 20%, 26%, 34% and 39% bands, lower rates for children and people up to 30 (Law 5246/2025)Jan 1, 2026LawTax-free band €22,000, new bands and article 14B deductions for children, housing and green spending (Law 244(I)/2025)Jan 1, 2026LawWithholding brackets raised to ISK 498,122 and 1,398,450 a month; personal allowance ISK 72,492 a monthJan 1, 2026LawHighest monthly contribution base €11,958; average wage for contribution bases €1,993 (NN 150/2025)Jan 1, 2026LawMinimum wage ALL 50,000; maximum wage for social insurance contributions ALL 186,416Jan 1, 2026LawBasic exemption of €700 a month for everyone, whatever the income; income tax stays at 22%Jan 1, 2026LawMinimum wage rises to UAH 8,647 and the tax social benefit to UAH 1,664 (State Budget Law No 4695-IX)Jan 1, 2026LawEmployer pension contribution rises to 12% and the SGK earnings ceiling to 9 times the minimum wage; the general Treasury discount falls to 2 points (Law 7566)Jan 1, 2026CabinetMinimum wage rises to MDL 6,300 a month (Government Decision 771/2025); personal exemption unchanged at MDL 29,700 a yearJan 1, 2026LawFederation of BiH: employer contributions cut from 10.5% to 5% of gross pay (Official Gazette 33/25)Jul 1, 2025LawEmployer pension contribution cut to 0%; the employee pays 10% (Official Gazette 94/2024)Oct 1, 2024LawNew wage tax bands: 0% up to €250, 8% up to €450, 10% above (Law 08/L-142)Aug 23, 2024
44
Salary CodexPay & tax intelligence

Methodology · Greece

How we calculate Greek net pay

The calculator applies the Ministry of National Economy and Finance's codification of the Income Tax Code, the new scale of Law 5246/2025 as presented by the Ministry, and e-EFKA circulars on contributions — see data sources.

EFKA contributions

For the usual private-sector employee (coverage package 101) the employee pays 13.37% and the employer 21.79%, since health contributions were cut on 1 January 2025. Contributions are charged up to the maximum insurable earnings: €7,761.94 a month in 2026 and €7,572.62 in 2025. The same rate applies to the bonuses and holiday allowance.

The tax scale

In 2026 the scale is 9% up to €10,000, 20% up to €20,000, 26% up to €30,000, 34% up to €40,000, 39% up to €60,000 and 44% above. With children the €10,000–20,000 rate becomes 18%, 16% or 9% for one, two or three children, the €20,000–30,000 rate falls by 2 points per child, and with four or more children the first €20,000 is untaxed. People up to 25 pay 0% up to €20,000 and people aged 26 to 30 pay 9%. In 2025 the scale was 9%, 22%, 28%, 36% and 44% in €10,000 bands.

Tax reduction

The article 16 reduction comes off the tax on the scale: €777 with no children, €900 with one, €1,120 with two, €1,340 with three, €1,580 with four and €1,780 with five. Above €12,000 of taxable income it shrinks by €20 per €1,000, unless there are five or more children. It never exceeds the tax.

Withholding and 14 salaries

Monthly pay is annualised over 14 salaries: 12 months, the Christmas bonus (one salary), the Easter bonus and the holiday allowance (half a salary each). Taxable income is that annual amount less the employee's contributions; the annual tax is spread evenly over every payment. You can also choose 12 salaries. The solidarity contribution has not been withheld since 2023.

Employer cost

Employer cost is gross pay plus the employer's contributions of 21.79% up to the same ceiling.

Tests

TestScopeResult
2026 tax-free thresholdsThe Ministry's thresholds for over 30, 26–30 and up to 25, with 0 to 4 children (e.g. €8,633, €14,364, €22,204, €27,100)Matching
Tax examples2025 and 2026 tax at €15,000, €20,000 and €60,000 and the cut above €60,000 for 0–4 children, as in the Ministry's tablesMatching
Contributions13.37% / 21.79% rates and the 2025 and 2026 ceilingsTested
Payroll at €1,500Contributions, taxable income, tax reduction and net pay worked by handMatching

Not yet included

  • The 4.166% addition to the bonuses for the holiday-allowance share.
  • Heavy and unhealthy occupations and other e-EFKA coverage packages.
  • Additional tax reductions (disability, donations) and the electronic spending requirement.
  • Pay from several employers, deemed living-standard income and other income.

Estimates only. Not tax, legal or financial advice.

Salary Codex