Department of Labour Relations
EXAMPLE:


Seller’s Gross Minimum Wage: €885
Employer’s contribution to the Central Holiday Fund: €885 * 8% = €70,80
Employee’s contribution to the Social Insurance Fund: €885 + €70,80 = €955,80 * 8,3% = €79,33
Employee’s contribution to the General Health System: €885 + €70,80 = €955,80 * 2,65% = €25,33
Employee’s Net Minimum Wage: €885 – (€79,33 + €25,33) = €780,34

It should be noted that contributions to the Central Holiday Fund are borne by the employer and must not be deducted from the gross minimum wage set by the Minimum Wage Order