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Greece Increases Social Security Contribution Basis Cap

|Approved Changes|Greece
Greece

On 9 February 2023, the Greek Ministry of Labor and Social Affairs issued a Circular on social security adjustments with effect from 1 January 2023. Among other things, this includes an adjustment in the social security contribution basis cap. Previously equal to 10 times the minimum wage, the contribution basis cap was fixed at EUR 6,500 in 2020 with future changes to be based on the general consumer price index. The circular provides that based on changes in the general consumer price inde…

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