Is there a 13th salary in the Netherlands?

It is mandatory for every employer in the Netherlands to pay their staff an extra sum of money on top of their gross salary. This sum is called ‘Vakantiegeld’ in Dutch, roughly translated as ‘Holiday/Vacation Money’. It’s also sometimes called the 13th wage, as it is almost the equivalent to an extra month salary.

Is there a 13th month pay in Netherlands?

In the Netherlands, it is very common for companies to pay their employees a 13th month allowance. Typically, the 13th month allowance is paid in November or December of each year. The percentage is the same for every employee in the company and is usually equal to 8.33 percent of an employee’s base salary.

Do you get 13th month pay?

Private-sector employers are required under Presidential Decree 851 to pay their rank-and-file employees their 13th-month pay. … “Employers shall pay the 13th-month pay on or before Dec.

Who is eligible for 13th month pay?

Who are covered or entitled to the 13th month pay? All rank-and-file employees who have worked for at least one (1) month during the calendar year, are entitled to receive 13th month pay regardless of the nature of their employment and irrespective of the methods by which their wages are paid.

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How are salaries in the Netherlands?

According to the Centraal Planbureau (CPB), in 2021 the median gross income for a person working in the Netherlands is 36.500 euros annually or 2.816 euros gross per month. A salary can vary greatly from the median income as it is influenced by age, sector, professional experience and hours worked.

Is 13th month mandatory in Netherlands?

What Is the Dutch Holiday Allowance? It is mandatory for every employer in the Netherlands to pay their staff an extra sum of money on top of their gross salary. … It’s also sometimes called the 13th wage, as it is almost the equivalent to an extra month salary.

What is 13th month salary?

A 13th month salary is a payment that an employer pays to employees according to different terms of law or contract of employment. The payment, which usually takes place around December, is traditionally called Christmas bonus and the salary may be equivalent to one full month salary.

Is overtime included in 13th month pay?

Wage is the amount paid to an employee in exchange for a task, piece of work, or service rendered to an employer. This includes overtime, night differential, rest day, holiday and 13th month pay.

Is 13th month pay and Christmas bonus the same?

To enlighten employers and workers alike, the 13th Month Pay is not the same as the Christmas bonus. The only shared similarities that they have is that they are both monetary and given out by employers. … For Christmas bonuses, on the other hand, are non-taxable benefit that employers may or may not give to employees.

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Is Holiday included in 13th month pay?

Note that 13th-month pay is computed as the number of months rendered by the employee which means additional holiday pays and premiums will not be included in the computation. The formula is total basic salary minus total of salary deductions including absences, lates, and undertime over 12 months.

What is the similarity of 13th month pay and basic salary?

The 13th month pay is equivalent to one twelfth (1/12) of an employee’s basic annual salary. It is prescribed by Philippine labor laws as a mandatory benefit and should not be confused with the “Christmas bonus” commonly practiced in the local business setting.

Do part time employees get 13th month pay?

Employees with multiple employers – Government employees working part-time in a private enterprise, including private educational institutions, as well as employees working in two or more private firms, whether on full-time or part-time basis, are entitled to the thirteenth- month pay from all their private employers, …

How much is a good salary in Netherlands?

The cost of education in the Netherlands is comparable to other EU countries, but it depends on the school choice. Public schools are free and universities in the Netherlands offer affordable courses starting at around €2,168 per year for EU students, with typically higher fees non-EU students.

Are salaries in Netherlands high?

Although salaries are relatively high in the Netherlands, income tax levels are correspondingly high. Estimating roughly – an employee who earns €2.500 gross should take home around €2.000 net.

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What is a good salary in the Netherlands 2020?

Average annual salary in the Netherlands 2020, by age

The average annual salary in the Netherlands in 2020 was just under 37,230 euros, including bonuses.