Decision on Determining the Minimum Wage: September 2022.

Decision
No. 604, dated 14.9.2022
For the determination of the national minimum wage

In support of Article 100 of the Constitution; Article 111 of the law no. 7961, dated 12.7.1996, “Labor Code of the Republic of Albania”, amended, and Article 4 of Law no. 10405, dated 24.3.2011, “On the powers for determining salaries and compensations,” at the proposal of the Minister of Finance and Economy, the Council of Ministers.

SET:

The minimum monthly basic salary for employees nationwide, which must be applied by every person, legal or physical, domestic or foreign, shall be 34,000 (thirty-four thousand) lekë.

  1. The minimum monthly base salary is given for 174 working hours per month, performed during normal working hours.
  2. The minimum hourly base wage shall be 195.4 (one hundred ninety-five point four) lek.
  3. Permanent additions are given on top of the base salary.
  4. Decision no. 158, dated 12.3.2022, of the Council of Ministers, “On determining the minimum wage nationwide,” is repealed.

This decision enters into force upon publication in the Official Gazette and extends its financial effects from September 1, 2022.

Download here VKM No. 604, dated 14.9.2022

Source: Official Gazette.

Do you have a question?

Do not hesitate to contact us. We are a team of experts and will be happy to speak with you.

About the author

Andi Haxhillari is an economist and the founder of AlProfit Consult, an accounting, tax advisory, and financial management firm in Tirana, established in 2015. He holds the professional title of Certified Accountant, certificate no. 359, issued by the Certification Authority of the Ministry of Finance on July 4, 2012. He graduated with a Master's degree in Accounting and as a General Economist from the Faculty of Economics at the University of Tirana. For more than ten years, he has worked as an external economist for small and medium-sized businesses in Albania.

GDPR