Salary Calculator
Greece
Our payroll calculator helps employers estimate hiring costs in 85+ countries worldwide. Whether you're expanding your team internationally or evaluating employment expenses in different regions, our tool provides a clear breakdown of total costs.
Simply select the country of employment, enter key details about the employment terms, and input the salary. The calculator will instantly generate a detailed cost analysis, including gross salary, employer contributions, taxes, and other mandatory expenses specific to the chosen country.
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How does the salary calculator for Greece work?
Our payroll calculator for Greece helps employers estimate net salaries based on gross wages while factoring in mandatory deductions and tax calculations.
The calculation starts with the employee's gross salary as input. The calculator then deducts employee contributions for EFKA (social security, including health, pension, and unemployment funds) and payroll tax based on income level.
In addition to employee deductions, the calculator also accounts for the employer's EFKA contributions. Once all deductions are applied, the tool provides the employee’s net salary—the final take-home pay after taxes and contributions.
What is the salary cost in Greece?
The total cost of salary in Greece includes contributions and taxes from both the employee and the employer, calculated based on the gross salary.
Employers contribute 22.29% of the gross salary to EFKA (social security), covering pensions, healthcare, and unemployment benefits. Employees’ contributions to EFKA are 13.87%, ensuring their part of the coverage for social security benefits. Then, an additional 10.34% is deducted as payroll tax, which contributes to the government revenues.
After deducting both the employee’s EFKA contributions and payroll tax, the employee receives the net salary, which represents the final “take-home” amount of the salary.
How much tax do you pay in Greece?
Employed individuals in Greece must submit income taxes on their earnings. The income tax is withheld by the employer from the individual’s gross salary and later remitted to the authorities on the employee’s behalf.
Income taxes in Greece are calculated progressively, meaning that employees who earn higher income pay a higher tax rate. The following are the current income tax rates in Greece:
-Income up to €10,000: Tax rate of 9%.
-Income from €10,001 to €20,000: Tax rate of 22%
-Income from €20,001 to €30,000: Tax rate of 28%
-Income from €30,001 to €40,000: Tax rate of 36%
-Income over €40,001: Tax rate of 44%.
*Please note that these rates can vary based on legislative changes.
What are the mandatory employee benefits in Greece?
Employers in Greece are required to provide a range of mandatory benefits to ensure their employees have access to essential social protection. These include contributions to EFKA (social security), which covers pension, healthcare, disability benefits, and unemployment insurance.
Besides social security benefits, employees in Greece are also entitled to paid annual and sick leave, as well as parental benefits and severance pay.
Are there any other benefits or additional expenses in Greece?
In addition to the mandatory employee benefits covered by employers in Greece, there are several extra benefits that employers may offer to enhance their employee welfare and attract top talent. Such benefits typically vary depending on the employer and the specific industry.
Employers in Greece commonly provide 13th and 14th month salaries, which are typically paid in two separate installments. While such benefits are legally mandatory in some sectors and under collective agreements, they may not apply universally to every employee in the country.
Furthermore, in addition to the state-provided healthcare through EFKA, some employers offer private health insurance plans to provide their employees with enhanced medical care. Many employees also provide transportation subsidies and meal vouchers, which are often tax-free up to a certain amount.
What is the difference between gross and net in the Greece salary calculator?
In Greece, the gross salary refers to the total amount the employee earns before any deductions are made, such as taxes, social security contributions, and other mandatory withholdings. The gross salary is the agreed-upon amount that an employer offers, which is also documented in the employment contract.
The net salary, on the other hand, is the amount the employee actually takes home after the deductions are subtracted from the gross salary. Such deductions include employee social security contributions, payroll tax, and employer contributions.
In fact, the gross salary serves as the basis for calculating all taxes and contributions, while the net salary is the amount received by the employee after all the mandatory deductions.
How can Native Teams help with employment, salary and taxes in Greece?
With Native Teams’ all-in-one solution, you can manage employment, salaries, and taxes in Greece. Our suite of solutions is designed to simplify your payroll management and other essential HR operations so you can ensure full compliance with Greek labour and tax laws.
By utilising the help of our professional team, you can easily calculate salaries, fulfil your tax obligations, and administer employee benefits to yourself or your team members in Greece. Native Teams will eliminate the administrative and compliance duties from your work so you can have the peace of mind that all your legal obligations are met accurately and promptly.
