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Minimum wage to rise as of July 1 after all

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Employers’ organizations VNO-NCW and MKB-Nederland had discouraged the additional increase, as the minimum wage has already been raised substantially and thus causes sharply rising wage costs.

Previous increases

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In 2023, for example, the minimum wage increased by more than 10%. As of Jan. 1 of this year, it increased again by 3.75%. Also, as of that date, the minimum wage was also based on a 36-hour work week. Employees who contractually work more than 36 hours therefore gained more than 3.75% as of Jan. 1, 2024.

Please note!

The increase in the minimum wage also affects benefits, such as AOW pension and welfare.

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Team Opinion Accountancy & Tax