The minimum wage in Portugal (SMN) will go up from 505 to 530 euros gross per month, in January 2016. The decision was made by the socialist government, despite there being no agreement between social partners. Employers had hoped to see social contributions be reduced as compensation, but this was not successful. A 0.75% reduction to the single social tax (TSU) was under negotiation, but the CGTP trade union rejected this proposal on the grounds that public finances should not have to fund salary increases.
Minimum wage increase. In January 2016, the minimum wage in Portugal (SMN) will go up by 25 euros, going from 505 euros gross per month up to 530 euros. The SMN, like all salaries, is paid 14 times per year. Currently, the 13th month’s wage is not payed, forming an exceptional tax levied as part of the previous government’s austerity programme. The current government plans to repeal this measure.
No reduction to employers’ social contributions. The government had proposed to reduce the TSU (sing
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