POEA ADVISORY NO. 13, S. 2012, March 22, 2012
REDUCED INCOME AND HIGH UNEMPLOYMENT RATE IN GREECE
National Administrative Register March 22, 2012
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