The National Labor Council has approved the decision to increase the minimum wage from 26 thousand ALL to 30 thousand ALL, an increase of 15.4% which aims to maintain the standard of living for employees.
It should be noted that the increase of the minimum wage will be unaffected by the income tax which up to 30 thousand ALL is zero.
Also after the increase of the minimum wage, it is expected to increase the maximum wage for the purpose of paying social security. It has not been decided yet, but the maximum wage is expected to increase by 15%. Such an increase would bring the maximum salary from 114.7 thousand ALL that it is today, to about 131 thousand ALL.
The basic minimum monthly wage is given for 172 working hours per month, performed during normal working hours.
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