Tens of thousands of people working in Slovakia for the lowest salaries will improve their income by €60 in 2020.
The government decided to hike the minimum wage on October 2.
The minimum monthly wage will increase from today's €520 to €580 as of January 2020. The lowest hourly earnings will, therefore, rise from the current €2.989 gross to €3.333 gross, the SITA newswire reported.
In addition, the net income of employees receiving minimum wage will go up by €46,39 to €476,39.
The Labour Ministry estimated the number of employees whose salary is to increase, totally or partially, at about 191,000, SITA reported.
The rise in next year's minimum wage is possible not only due to a €60 increase in gross salary but also for an increase in the non-taxable portion of the tax base for 2020 from 19.2 times to 21 times the subsistence minimum, which was recently approved by the parliament.
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2. Oct 2019 at 23:24 | Compiled by Spectator staff