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Minimum wage increase in Slovakia|Tax and Fiscal Alert

22 Oct 2014

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We would like to inform you about the minimum wage increase in Slovakia as of January 1st 2015.

As of the next year, the minimum wage in Slovakia should rise by EUR 28 to the amount of EUR 380 (current minimum wage is in the amount of EUR 352). This is the highest increase (7,95%) in the last few years.

The minimum hourly wage will be increased from current EUR 2,023 to the amount of EUR 2,184, i.e. it will be risen by EUR 0,161.

The Ministry of Labour, Social Affairs and Family has proposed the so-called „social contribution bonus“ as a compensation. However, this proposal has not been approved yet.

Minimum payroll claim

The minimum wage increase also means the rise of the minimum payroll claim dependant on the degree of difficulty of work.

For example, in case of the degree of difficulty of work of 3 when the minimum payroll claim is calculated as 1,4 multiple of minimum wage, it will be increased by EUR 39,2.

The calculation of the minimum payroll claim dependant on the degree of difficulty of work is as follows:

Degree of
difficulty of work
Coefficient
of minimum wage
Minimum payroll
claim in 2014
Minimum payroll
claim in 2015
 Increase 
1 1 352,00 € 380,00 € 28,00 €
2 1,2 422,40 € 456,00 € 33,60 €
3 1,4 492,80 € 532,00 € 39,20 €
4 1,6 563,20 € 608,00 € 44,80 €
5 1,8 633,60 € 684,00 € 50,40 €
6 2 704,00 € 760,00 € 56,00 €

As the standby duty and wage allowances for night work are also calculated based on the minimum wage, they will be influenced too.

 

Contact 
Monika Berežnáková
Payroll Consultant
monika.bereznakova@accace.com

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Originally established in Central and Eastern Europe in 2006, Accace ranks among the leading outsourcing and consultancy providers in the region. Engaging over 600 experts, we have vast experience with handling small to large scale, multi-country outsourcing projects and providing a comprehensive range of our services to over 2,000 customers.

About Accace Circle

Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience. Covering almost 40 jurisdictions with over 2,000 professionals, we support more than 10,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 170,000 pay slips globally.

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