NLD SAE Minimum Wage Regulation

On Oct. 10, NLD SAE issued regulation on minimum wage indexation.

  • NLD SAE issued ministerial regulation for indexation of the statutory minimum wage.
  • Follows Apr. 2024, NLD SAE issued ministerial regulation on wage indexation, #209096
  • Indexation
  • Ministerial regulation issued based indexation method prescribed in Article 14, first paragraph, Minimum wage and minimum holiday allowance act.
  • Amounts referred to in Article 8, first paragraph, under a and b, Minimum wage and minimum holiday allowance act shall be determined as: a. €14.06; b. €2,191.80.
  • Regulation and explanatory memorandum shall be published in government gazette.
  • Effectiveness
  • Regulation enters into force on Jan. 1, 2025.

Regulators NLD SAE
Entity Types CNSM; Corp
Reference Lt, Reg 2024-0000675332, 10/10/2024
Functions Compliance; Financial; HR; Legal; Operations
Countries Netherlands
Category
State
Products Corporate
Regions EMEA
Rule Type Final
Rule Date 10/10/2024
Effective Date 1/1/2025
Rule Id 229540
Linked to Rule :209096
Reg. Last Update 10/10/2024
Report Section EU

Last substantive update on 10/15/2024