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Minimum, average and guaranteed wage in the Czech Republic for 2024 | News Flash

January 8, 2024
This article is also available in
Czech

From 1 January 2024, the minimum wage in the Czech Republic will increase by CZK 1,600 to CZK 18,900 per month. This applies to employees with a weekly standard working time of 40 hours. The minimum hourly wage will increase from CZK 103.80to CZK 112.50.

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The average monthly wage will increase from CZK 40,324 to CZK 43,967 in 2024.

  2024 2023
Minimum wage CZK 18,900.00 CZK 17,300.00
Average wage

CZK 43,967.00

CZK 40,324.00

Lowest levels of guaranteed wage 2024 (in CZK)

The increase in the minimum wage will affect the lowest levels of the guaranteed wage. The lowest guaranteed wage will range from CZK 18,900to CZK 37,800 per month, or from CZK 112.50to CZK 225.00 per hour in 2024 depending on the work group.

The following table shows the guaranteed wages for 2024 according to the length of the weekly standard working time of 40 hours / 37.75 hours / 38.5 hours.

Work group Guaranteed wage per MONTH Guaranteed wage per HOUR
40 hours per week 38.75 hours per week 37.5 hours per week
1 18,900.00 112.50 116.10 120.00
2 19,500.00 116.10 119.90 123.80
3 21,300.00 126.80 130.90 135.30
4 21,800.00 129.80 134.00 138.50
5 24,100.00 143.30 147.90 152.90
6 26,600.00 158.20 163.30 168.80
7 29,400.00 174.70 180.30 186.40
8 37,800.00 225.00 232.30 240.00

Other effects of the increase in the minimum and average wage

Minimum wage

  • The limit for the exemption of regularly paid pensions will be increased to CZK 680,400 / year (36 times the minimum wage), i.e. CZK 56,700/ month.
  • The health insurance, which must be deducted from the minimum wage, e.g. by the tax-exempted persons, will increase to CZK 2,552 / month (13.5% of the minimum wage).

Average wage

  • The limit for the application of the second tax rate is increased – the monthly limit is increased by CZK 131,901 (3 times the average wage), and the annual limit is CZK 1,582,812 (36 times the average wage).
  • The maximum assessment base for social security premiums is increased by CZK 2,110,416 (48 times the average wage).

If you’d like to to learn more about the taxes in the Czech Republic and calculate your indicative net salary, take a look at our 2024 payroll calculator for the Czech Republic.

Evolution of minimum wage in the Czech Republic during the past years

2024
CZK 18,900.00

%
2023
CZK 17,300.00

%
2022
CZK 16,200.00

%
2021
CZK 15,200.00

%
2020
CZK 14,600.00

%
2019
CZK 13,350.00

%
2018
CZK 12,200.00

%
2017 
CZK 11,000.00

%

If you have any questions, please do not hesitate to contact us. We will be happy to assist you!

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