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Pursesnatcher posted:"Holiday Money" works in a roughly similar fashion. Not only do Norwegians have the right to a vacation, they also have a duty to take a minimum of 21-25 working days off each year; at least 15 of which must be taken during the summer. Once more, many Norwegians believe that they have paid vacations – and better yet, the pay they get during their vacation is not taxed! Once more, both of these beliefs are false. What happens is employers are required to withhold 10,2-12 percent of their employees' wages throughout the whole year. This is still taxed, normally at the same time it is being set aside, but when you finally get this money back – on the last payday before your main vacation period the following year – there are no taxes to withhold, as they were all paid the previous year. Once more, the government receives a sizable chunk of tax income from the entire population well in advance of the people actually receiving their money. This explanation is a little misleading. When you negotiate pay you add the holiday compensation onto the agreed salary. It isn't taken from the wages, it's added to the wages. If you sign a contract for €3000 a month, you're not getting flaked for 10 percent, the employer is adding it. You could argue that the distinction really is philisophical or whatever, but in practice it means something.
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Oct 29, 2016 00:29
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| # ¿ Apr 29, 2024 05:21 |
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