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Greek Parliament Approves Social Security Amendments

|Approved Changes|Greece
Greece

On 27 February 2020, the Greek parliament reportedly approved the bill on amendments to the country's social security contributions. One of the main amendments is a change in the contribution basis cap, which is currently equal to 10 times the minimum monthly wage (currently EUR 6,500 based on EUR 650 minimum wage). The bill provides that the basis cap is fixed at EUR 6,500, with the link to the monthly minimum wage removed. Future adjustments, however, may be made based on changes in the gen…

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