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IMPACT – MEDIUM
What is the change? The Czech Republic’s monthly minimum wage will increase Jan. 1 from 14,600 Czech Korunas to 15,200.
What does the change mean? The minimum wage is relevant to all workers in the Czech Republic, including employee card holders, whose wages must not be lower than the minimum wage.
Analysis & Comments: The 2021 monthly minimum wage of 15,200 Czech Korunas represents a 4-percent increase over last year’s level. Employers should take the new wage minimums into account when planning their 2021 budgets.
Rest of World Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This includes Deloitte Tax LLP in the United States which does not provide legal and/or immigration advice or services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2020. For information, contact Deloitte Touche Tohmatsu Limited.
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