The 2023 minimum wage has been announced and is expected to apply to wage payments in February 2023. In line with the announcement, the Minister of Labour has announced a record increase in the net minimum wage in 2023. The net minimum wage in 2023 will therefore be €100 higher than the minimum wage in 2022. This means that the net minimum wage in 2023 is €878.48.
Minimum wage 2023 net and gross
Two criteria are used to calculate the 2023 minimum wage, the minimum cost of living and the annual inflation rate in December 2022. The net minimum wage for 2023 is therefore €878.48. This means that the net minimum wage has risen by €100, the highest in more than a decade.
The minimum wage in 2023 will be €1,203.36gross.
The new 2023 minimum wage is therefore expected to apply to wage payments in February 2023. The increase in the minimum wage will also result in a higher minimum hourly rate for temporary and casual work for school pupils, students and pensioners. According to Finance, the gross hourly wage will rise from €6.17 to €6.92.
Calculation of the minimum wage 2023 (without additional general allowance)
| Item | Amount in euro |
| Gross salary | 1203,36 |
| General relief | 416,67 |
| Employee contributions (22.10%) | 265,94 |
| Income tax base | 520,75 |
| Income tax (16%) | 83,32 |
| Net salary | 854,10* |
| Employer contributions | 193,74 |
| Employer’s cost | 1397,10 |
Calculated with the additional general minimum wage allowance 2023, net amount €878.48.
| Item | Amount in euro |
| Gross salary | 1203,36 |
| General relief | 416,67 |
| Additional general relief | 152,40 |
| Employee contributions (22.1%) | 265,94 |
| Income tax base | 368,35 |
| Income tax (16%) | 59,84 |
| Net salary* | 878,48 |
| Employer contributions | 193,74 |
| Employer’s cost | 1397,10 |
