The German upper house of parliament (Bundesrat) Feb. 25 accepted for consideration Bill No. 82/22, to amend the minimum wage and other employment wages. The bill includes measures to: 1) increase the hourly minimum wage rate to 12 euros (US$13), effective Oct. 1; 2) increase the maximum monthly wage for employment in the transitional sector to 1,600 euros (US$1,794) from 1,300 euros (US$1,457); and 3) set the employer’s contributions rate at a flat-rate of 28 percent for contributions above the marginal income threshold. [Germany, Bundesrat, 02/25/22]

Reference:
View Bill No. 82/22. View Legislative History of Bill No. 82/22. ...

To read the full article log in. To learn more about a subscription click here.

Read Full Story: https://news.bloombergtax.com/payroll/germany-upper-house-considers-bill-to-a...