Payroll Calculation 2022 EUROPE NOW

Minimum wage increase

The 2022 payroll calculation under the EUROPE NOW programme provides that from 1 January the minimum wage in Montenegro is 450 euros. In accordance with the "EUROPE NOW" programme, which is part of Montenegro's economic policy aimed at achieving smart, sustainable and inclusive economic growth with the goal of improving the quality of life of all citizens, it has been established that from 1 January the minimum wage in Montenegro is 450 euros. Accordingly, the January salary must be paid out in accordance with the Law, as salary payments contrary to the law are subject to penalties as follows: in Article 208 of the penalty provisions, a legal entity shall be fined between 2000 and 20000 euros if: 14) it does not pay the employee's salary once a month (Article 105 paragraph 1); 15) upon payment of the salary, as well as in the event that it was unable to pay the salary and salary compensation or was unable to pay them in full, it does not hand over to the employee the salary calculation that it paid or was obliged to pay (Article 105 paragraphs 2 and 3); 15a) in the case of reduction or abolition of the personal income tax rate, or of compulsory social insurance contributions charged to the employee, it does not pay the employee as part of the salary the amount of funds that would in accordance with the law have been calculated, withheld and paid on the basis of that tax or contribution in the part that is abolished or reduced (Article 105 paragraph 4); Unlike previous determinations and increases of the minimum wage, this time amendments to the calculation itself have also been adopted, so the salary is now relieved of the obligation to pay health insurance contributions, while different rates are introduced depending on the amount of the salary, which you can see in the table below as well as in the Excel table we have prepared for you, called Payroll Calculation 2022. If you would like to try it, you can download the Excel table "Payroll Calculation 2022" at this link

Payroll Calculation 2022 EUROPE NOW

Minimum wage increase

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