The Netherlands

Capital: Amsterdam

Official language: Dutch

Currency: Euro (EUR)

Payroll Cycle: Monthly

Statutory Holidays

Paid Time Off: Employees in the Netherlands are entitled to 20 days of paid vacation per year.

Public Holidays: New Year's Day; Easter Monday; Koningsdag; Ascension Day; Pentecost Monday or Whit-Monday; Christmas; St. Stephens.

Individual Income Tax: The individual income tax is based on a variety of factors, including marital status, level of income, and so on. The average ranges between 9.7 and 49.5 percent.

Employer Cost: Approximately 28% of employee salary

Employment Contract Specifications: Contracts should be written in Dutch. They can, however, be oral if the employer outlines the terms and conditions in writing. A fixed contract can only be for three years.

Probation Period: The maximum probation period is two months, and it must be specified in writing. A probationary period cannot be used in a contract with a term of six months or less.

Requirements for the Minimum Wage: The monthly minimum wage is EUR 1,635.60.

 

 

 

Maximum working hours and overtime: The average working week in the Netherlands is 5 days long and lasts 36 to 40 hours.

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