FAVOURABLE TAXATION OF TIPS FOR HOSPITALITY AND FOOD SERVICE STAFF
The 2025 Budget Law has confirmed, while also including some updates, the special tax exemption scheme for tips received by employees in hospitality establishments and food and beverage service businesses. Specifically, for 2025, the income threshold for applying the reduced taxation has been raised from €50,000 to €75,000 per year, and the annual cap for […]
INCENTIVE TO POSTPONE EARLY-RETIREMENT
The incentive to postpone early-retirement, which allows workers to receive their share of IVS contributions tax-free in their payslip, has been extended to those who meet the early-retirement requirements, regardless of age, by 31 December 2025. The key new feature is the option for workers under the contribution-only system – those who started working on […]
QUAS: Increase in the mandatory contribution for collective agreements for HOTELS, TRAVEL AGENCIES, COMMERCE, FOOD AND BEVERAGE ESTABLISHMENTS AND TOURISMHealthcare Assistance Fund for Middle Managers
From 1 January 2025, for those enrolled in the Healthcare Assistance Fund established for Middle Managers in the Tertiary Sector (Qu.A.S.) the annual contribution is set at €360, payable by the employer, and €50, payable by the Middle Manager. From 1 January 2026, this annual contribution will increase to €380, payable by the employer, while […]
Collective Agreement – Industrial Executives – Previndai – Supplementary Pension Scheme
From 2025, changes are planned for the Previndai-related contribution. An additional contribution of 2% of gross global remuneration will be added to the 4% payable by the company up to a limit of €200,000 (previously €180,000). The fee payable by the executive will be 2% rather than 4%, although the employer may pay an additional […]