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ARTICLE · 11 MARCH 2025

Greece Introduces Reduction In Social Security Contributions For Overtime And Holiday Work

Eurofast
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Effective March 15, 2025, Greece will implement a new legislative measure aimed at reducing social security contributions by up to 43% for overtime, additional work hours...

GreeceEmployment and HR
Nikoletta Kynourgiopoulou
Nikoletta Kynourgiopoulou
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Effective March 15, 2025, Greece will implement a new legislative measure aimed at reducing social security contributions by up to 43% for overtime, additional work hours, as well as work performed on Sundays and public holidays. This initiative seeks to alleviate non-wage labor costs, benefiting both employees and employers across all sectors of the economy.

Key Provisions of the New Legislation

  1. Reduction in Contributions: Under the new regulation, social security contributions for overtime, additional work hours, night shifts, and work on Sundays or public holidays will be calculated solely based on the standard hourly wage corresponding to regular eight-hour employment. The additional remuneration for these special working hours will no longer incur extra social security charges.

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