Find your employer of record in Greece
Greece
Euro (EUR)
Currency
monthly
Payroll Frequency
23.33 to 24.74
Employer Tax
With 2 clicks, start your journey to Hire a contractor or remote employees in Greece without a entity set up.
Overview
Capital
Currency
Date Format
Fiscal Year
Reviews
Athens
Euro (EUR)
DD/MM/YY
January 1st-December 31st
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Write ReviewFind your employer of record in Greece
Greece
Euro (EUR)
Currency
monthly
Payroll Frequency
23.33 to 24.74
Employer Tax
Overview
Capital
Currency
Date Format
Fiscal Year
Reviews
Athens
Euro (EUR)
DD/MM/YY
January 1st-December 31st
0 / 5 Star (0 Reviews)
With 2 clicks, start your journey to Hire a contractor or remote employees in Greece without a entity set up.
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Overview
Euro (EUR)
CURRENCY
Athens
CAPITAL
monthly
PAYROLL FRECUENCY
11
PUBLIC HOLIDAYS
23.33 to 24.74
EMPLOYER TAXES
13TH / 14TH SALARY
The 13th Salary in this region is usual and typically given at the end of the year.
Employee and employeer taxation in Greece
Employer
Employer Payroll Contributions
13.33% - 13.33%
Pension Fund
4.30% - 4.30%
Health Care
0.25% - 0.25%
Health in Benefit
3% - 3.25%
Supplementary Insurance* (reduced to 3.00% from 1/6/2022)
0% - 1.20%
Unemployment
1% - 1%
Professional Risk
1.41% - 1.41%
High Occupational Risk (industry specific)
23.29% - 24.74%
Total Employment Cost
Employee
Employee Payroll Contributions
6.67%- 6.67%
Pension Fund
- 2.15%
Health Care
0.40%- 0.40%
Health in Benefit
3%- 3.25%
Supplementary Insurance* (reduced to 3.00% from 1/6/2022)
1.20%- 1.20%
Unemployment
2.20%- 2.20%
High Occupational Risk (industry specific)
13.47% - 15.87%
Total Employee Cost
Employee Income Tax in Greece
Employee Income Tax
** Employee Solidarity Tax: It is an additional tax to Employee Income Tax. And the only ones exempt from special solidarity contributions are employees with employment income from private sector companies.
- 0 – 12,000: 0%
- 12,001 – 20,000: 2.20%
- 20,001 – 30,000: 5%
- 30,001 – 40,000: 6.50%
- 40,001 – 65,000: 7.50%
- 65,001 – 220,000: 9%
- Over 220,001: 10%
9.00%
0 – 10,000
22.00%
10,001 – 20,000
28.00%
20,001 – 30,000
36.00%
30,001 – 40,000
44.00%
Over 40,001
Payroll Contributions in Greece
Payroll Cycle
In Greece, the payroll cycle is generally monthly. And employers must process payments on the same day of the month. And, if they do not process them that day, they must do it no later than the last working day of the month. However, if you need to process payroll, requesting payroll outsourcing services can be your best solution.
13th Salary
As per the employment law in Greece, employees working in the private sector can receive two additional monthly salaries. But they will receive these salaries in 3 payments. Firstly, there is 1 full monthly salary for Christmas. Secondly, they will also receive half a monthly salary for Easter. Thirdly, they can receive half a monthly salary as a Vacation Bonus. And employers must pay all these payments only in cash (not in kind).
Particularly, the payment of the Christmas Bonus must be made by December 21st. And, in case the employer does not pay it on time, the employees can apply to the relevant Labor Inspectorate. The entity known as the Labor Inspectorate of SEPE is in charge of imposing the corresponding fines.
Employee Benefit in Greece
Visa and work permit in Greece
Employees who do not belong to the European Union Countries must acquire a Type D visa before arriving in Greece. And this document will allow them to stay in the country for over 90 days to work. However, they must also apply for a residence or work permit within 30 days of arriving in Greece. They can apply for it at the local municipal office or police station. Also, their work permits will be valid for only 1 year. But they can renew it at least 60 days before the expiration date.
On the other hand, business visitors to Greece usually need a local version of the Schengen C Visa (unless they are visa-exempt). Note that the Schengen Area limits stay to 90 days in 180 days. And business visits are usually limited to a few days. In other words, the pertinent Greek authorities, on a case-by-case basis, will determine the exact duration of stay.
Lastly, there are some work authorization categories in Greece that you should know about. Firstly, the Installation of Equipment Visa is suitable for short-term installation, testing, and maintenance of supplied items by technical staff under a service agreement. Secondly, there is the Work and Residence Permit for Senior Employees, which is perfect for long-term work and residence under a local employment contract. Thirdly, there is the EU Blue Card, which is for highly-skilled local hires.
And the last category is the EU Intra-Company Transferee (ICT) Permit. The ICT Permit is suitable for intra-company transfers of managers, specialists, or trainees from outside the EU. With Global Employment Outsourcing and employee onboarding services, you will easily find the workers you need from overseas.
VAT in Greece
In Greece, the standard VAT rate is 24%. And to learn more about this topic, you should request International PEO services or Contractor Management Services.
Working Hours in Greece
General
In Greece, the standard working week consists of 40 weekly hours. And it would be 8 hours per day for a 5-day working week. However, if the employer and employee agree upon it, the working week may increase to 48 hours per week. Consulting the allowed working hours with an International PEO or Employer of Record in Greece is recommendable.
Overtime
Employment contracts or collective agreements regulate overtime hours, which is all work above the standard working hours per week. For example, when an employer requires an employee to work additional hours (overtime) or work on holidays. And in that case, the maximum number of hours the employee should work is 48 hours per week. This schedule is inclusive of overtime over 4 months. However, the maximum working hours for minors can be different.
On the other hand, employees must receive 120.00% of their basic salary rate for overtime hours of more than 40 hours a week and one additional hour per working day (daytime hours). And for night-time work, the employee must receive 125.00% of their basic salary rate.
Working Week
Monday to Friday.
Employee Termination in Greece
Termination Process
In Greece, the termination process can vary as per the collective agreement or employment agreement in place. Besides, the type of contract and the reason for termination are also key factors for the process. Furthermore, in order to terminate Greek employees on indefinite contracts, employers must provide written notice of termination. Plus, employees must have been registered with the EFKA (Unified Social Security Fund). With an Employer of Record in Greece, you can discover further information about the termination process.
Notice Period
Employment contracts or collective agreements may contain provisions on notice periods. But in some cases, collective agreements may stipulate notice periods that differ from the statutory periods. And, in that case, the employer and employee must observe the notice periods laid down in the agreement or contract.
On the other hand, the length of notice periods will mostly depend on the length of service of the employee. Plus, the reason for termination will be also a relevant element. But in case the employer terminates the contract, the notice period will be as follows:
- The employee served between 1 and 2 years:1 month notice period
- The employee served between 2 and 5 years: 2 months notice period
- The employee served between 5 and 10 years: 3 months notice period
- The employee served for more than 10 years: 4 months notice period
Severance Pay
Using the length of the employee’s service as a reference, the employer must calculate the amount of severance pay. And usually, this amount can range between 1 and 6 months of wages. Furthermore, if the employer does not provide the necessary notice, the amount of the severance payment shall be doubled. With an Employer of Record in Greece, calculating severance pay can be easier.
Probation Period
For indefinite employment contracts in Greece, the first year of employment is the probation period. An Employer of Record can help you obtain more information about probation periods in Greece.
Employee Leaves in Greece
Paid Time Offs
An employee can receive two days of holiday for each month of employment during their first year of service. Therefore, it would be 20 days for the year for a 5-day working week, and 24 for a 6-day week. After completing one year of service, the employee’s holiday entitlement increases by one day for the second/third years of service. As a result, it would be 22 days for a 5-day working week and 26 days for a 6-day week.
Furthermore, the holiday entitlement will remain the same for each year until the worker has completed 10 years of employment. And that is when the number of days will increase to 25 and 30 days, respectively. Moreover, it will increase by one day once the employee has completed 25 years of service. Therefore, it would be 26 days for a 5-day working week and 31 days for a 6-day week. To learn more about paid time off, try requesting the services of an Employer of Record in Greece.
Public Holidays
There are 11 national holidays throughout the year.
Vacation Holidays
There are 20 vacation holidays throughout the year.
Sick Days
To be eligible for a paid sick leave entitlement, employees must provide a professional medical certificate within 48 hours. Plus, their amount of paid sick leave will depend on their number of years of service as follows:
- The employee served between 1 and 4 years: 1 month of paid sick leave
- The employee served between 4 and 10 years: 3 months of paid sick leave
- The employee served between 10 and 15 years: 4 months of paid sick leave
- The employee served for more than 15 years: 6 months of paid sick leave
- Employees during their first year of service: 1 month of paid sick leave (paid at 50% of their regular monthly salary)
Paternity Leave
Among the statutory benefits that employees in Greece can receive, there are two days of paid paternity leave.
Paternal Leave
Any parent who has completed 1 year of service can receive parental leave until their child reaches 8 years old. And this leave equals 4 months, which the employee can take continuously or intermittently, as agreed with their employer.
On the other hand, childcare leave is also available for 30 months after childbirth or adoption. And this leave entitles an employee to a reduction in the daily working hours by 1 hour, which is paid. Or it can be 18 months of a reduction of 2 hours in the daily working hours (during the first 12 months). Therefore, it reduces to 1 less working hour in the remaining 6 months. Or it may also be 3.5 months of paid leave taken in one period.
Other Leave
According to the employment contract or collective agreement terms, employees may take other types of leave. And between the employer and the employee, they can approve the following:
- Bereavement Leave: in the event of the death of a member of their immediate family, an employee can take up to 2 days of paid leave.
- Marriage Leave: if employees are getting married, they can take up to 5 days of paid leave.
- School Leave: this leave type is for employees with children of up to 18 years of age who attend school. And both parents, whether they are full-time or part-time employees, can be absent from work for some hours or a full day. However, they can only be absent for up to 4 working days a year. Besides, upon their employers’ permission, there will be no deductions from their salaries.
- Caretaker Leave: if an employee has completed 6 months of employment, the employer can provide them with 5 days of paid leave. And this particular type of leave is for taking care of a relative or any other person living with the employee.
- Leave in case of sickness of a dependent family member: if a child or other dependent family member is sick, employees can take up to 6 days per annum of unpaid leave. And they can take these days of unpaid leave continuously or intermittently. However, if an employee has two children, their days of unpaid leave increase to 8. Furthermore, if an employee has three or more children, their days of unpaid leave increase to 14.
Maternity Leave in Greece
Female employees who are pregnant are eligible for the maternity leave entitlement, which consists of 119 calendar days. The condition for receiving this paid benefit is that employees do not work during the 56 days before the due date. And they should not work during the remaining 63 days after childbirth either.
On the other hand, the employer must pay the maternity benefit at 100% of the employee’s regular salary rate during the first month. And from the second month onwards, they will pay the benefit at 50% of the regular salary rate with the e-EFKA. And this payment corresponds to the insurance contribution class of the insured person. In addition, there is a payment of child benefits for each child.
Furthermore, there is a Supplementary maternity allowance payable from the second month. And its amount equals to the difference (if any) between the paid salary rate and the maternity benefit.
However, employees who are not insured will receive a standard maternity benefit, which is equal to EUR 220.10. An Employer of Record in Greece can help you calculate the exact amount of maternity leave payment for your employees.
There are 119 leave throughout the year.
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