06. 10. 2025.
As of October 1st, 2024, changes regarding minimum salaries and the calculation of contributions came into force in Montenegro. Below is an overview of the key changes and their practical impact on employers and employees.
MINIMUM SALARY UNDER THE NEW RULES
According to the new regulations:
These measures aim to increase workers’ living standards and create more stable financial conditions.
One of the key updates is the reduction of contributions for pension and disability insurance (PIO), which means that a larger portion of income remains with employees through higher net salaries.
OVERVIEW OF SALARIES AND CONTRIBUTIONS
Below are examples of salary and contribution calculations applied by employers as of October 2024:
|
Net Salary (€) |
Contributions (€) |
Gross II (€) |
|
600 |
76.89 |
676.89 |
|
700 |
100.21 |
800.21 |
|
800 |
127.32 |
927.32 |
|
1,000 |
196.64 |
1,196.64 |
|
2,000 |
582.14 |
2,582.14 |
|
2,500 |
774.89 |
3,274.89 |
|
3,000 |
967.64 |
3,967.64 |
|
3,500 |
1,160.39 |
4,660.39 |
|
4,000 |
1,353.15 |
5,353.15 |
|
5,000 |
1,738.65 |
6,738.65 |
This overview provides a clear insight into how salaries are calculated and what the contributions amount to for different income levels.
WHAT DO THESE CHANGES MEAN?
The changes in minimum wages and contributions bring:
For any questions regarding payroll calculations, taxes, and contributions, our team at Perfectum is at your disposal.
We are here to simplify your business operations and ensure full compliance with legal regulations.
