Holiday pay: how much tax do I actually pay on it?

15-06-2010

Everyone who works is entitled to holiday allowance. According to the CLA hospitality, the holiday allowance amounts to 8% of the gross salary you have earned with your employer in the holiday year (1 June to 31 May).

Wages are understood to mean: the financial compensation for hours worked and overtime. Allowances, any bonuses, and benefits in kind are not included.
You pay more income tax on holiday pay than on regular wages. These percentages are calculated based on the annual salary. The percentages taxed by the Tax and Customs Administration are indicated in the white table for special rewards. The annual salary is 12 times the gross monthly salary including 8% holiday pay.

Do you have any questions? View everything about holiday pay or contact us.