Tax-i 141-Contributions on Payment Receipts and Increase of minimum salary


The recent Ministerial Decision Δ.15/Γ'/67695/1825, sets that individuals remunerated by Payment Receipts are subject to social security contributions at the rate of 20,28%, i.e. 13,33% for main pension (EFKA) and 6,95% for health (EOPYY). It is noted that the total remuneration paid by Payment Receipts may not exceed the amount of 10.000 euro per year.

Calculation of Social Security Contributions

Social Security Contributions are calculated on the net value of the Payment Receipt, after deducting the corresponding tax, without a minimum threshold (i.e. they are calculated on the actual amount of the remuneration, even if it is less than 650 euro). The social security
contributions burden only the remunerated person, but are withheld and attributed by the counterparty (issuer of the Payment Receipt) to the Insurance Organization by the last working day of the month following the month the record was issued.

Insurance time

The insurance time of persons paid with Payment Receipts counts as insurance time with EFKA. Particularly, if there is no employment agreement, the insurance time is calculated on the basis of the quotient of the net value of the Payment Receipt divided by the amount corresponding to the minimum basic salary. In case of an employment agreement with a fixed number of working days, these days are considered as insurance time, regardless of the duration of the daily work.

Procedure of withholding and attributing the social security contributions
➢ Persons paid with Payment Receipts, should be registered for such capacity with EFKA, prior to the issuance of the Payment Receipt. EFKA issues a registration certificate. The issuer of the tax record is also registered, in case he is not already registered as an employer with former IKA.
➢ The remunerated person shall deliver a copy of the certificate to the counterparty, so as the latter proceeds with the issuance of the Payment Receipt.
➢ The issuer of the receipt shall record electronically with EFKA the insurance time and the amount of contributions, by the end of the month in which the receipt is issued.
➢ In case the contributions are not timely attributed, penalties, which burden the issuer of the receipt, are imposed.

Commencement date
The above apply for agreements concluded and Payment Receipts issued as of 1/2/2019.


By the recent Ministerial Decision 4241/127-30.1.2019 the minimum salary and the minimum wage for all employees and workers in Greece is defined: In particular:

➢ As from 1st February 2019, the minimum salary is increased to the gross amount of 650,00 euro per month and it applies for all employees regardless of their age (both under and over 25 years of age).
➢ As from 1st February 2019, the minimum wage is increased from 26,18 euro to 29,04 euro for all workers regardless of their age (both under and over 25 years of age).

Based on the increase of the minimum salary, the prior-service benefit is also readjusted. The unemployment allowance increases from 360€ to 400€.
The special maternity protection allowance increases from 586,08€ to 650,00€. 24 allowances linked with the minimum salary are also increased.

Due to the increase of the minimum salary of the employees in the private sector, the minimum insurance contribution will also increase, given that it is calculated on the basis of the minimum salary. Such increase will also burden accordingly the contributions of all freelancers and self-employed persons.

The increase of the minimum salary is also expected to affect the maximum threshold of insurable salary, as this is equal to the amount corresponding 10 times the minimum salary.


The deadline for the registration of the employees’ remuneration increase with the I.S. “ERGANI” is extended to 28/02/2019 (from 16/02/2019), due to the change of the minimum salary.
Specifically, by 28/02/2019 companies and employers should submit the E4 form (Table of Personnel), supplemented only by the data regarding the change in remuneration, resulting from the increase of the minimum salary.


By the decision of the Administrative Supreme Court (89/2019), freelancers, who were registered in the past with the tax authorities, but ceased their professional activity and subsequently started a new profession, are considered as “new professionals” and are exempted for another 5 years from the payment of the entrepreneurship duty.
This exemption applies irrespective of whether the initial registration as entrepreneur had taken place prior to the five years period from when the tax liability arose and regardless of whether the liable person had completed five years of his initial professional activity.

You can download the Tax-i in pdf file here.

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