POEA ADVISORY NO. 13, S. 2012, March 22, 2012

[ POEA ADVISORY NO. 13, S. 2012, March 22, 2012 ]

REDUCED INCOME AND HIGH UNEMPLOYMENT RATE IN GREECE

The Greek government imposed another round of minimum wage cut by 22%. The wage cut will make it virtually impossible for employers to hire new domestic workers given the relatively high unemployment rate. For domestic workers, this will mean a reduction of their monthly salaries from 826 Euros to 664 euros. moreover, previously tax-exempt domestic workers will not be charged a withholding tax of 28.14 Euros a month plus 6.44 euros solidarity surcharge. They will also be required to pay a social security premium, leaving them an actual take home pay of 506.60 Euros.

For information and guidance.

Adopted: 22 March 2012

(SGD.) HANS LEO J. CACDAC Administrator