1 March 2023

The statutory minimum wage in France (SMIC) 2023

 

The French minimum wage, the so-called SMIC (" Salaire minimum interprofessionnel de croissance ") has been since 1 January 2023 at 11.27 euros per hour and 1,709.28 euros per month (gross in each case)which corresponds to a monthly net amount of approx. 1 353 Euro corresponds.

 

For example, the French minimum wage SMIC has already been increased by 5.6 % in three stages due to inflation in 2022:

  1. Increase in the French SMIC by 0.9 % on 1 January 2022: the amount of the SMIC gross hourly rate was increased from 10.48 euros to 10.57 euros from this date
  2. 2.65 % on 1 May 2022, i.e. the SMIC's hourly rate was set at EUR 10.85
  3. 2.01 % on 1 August 2022, i.e. an SMIC rate of 11.07 euros gross per hour.
In their current 2022 report, the French experts are already recommending a new reform with regard to raising the SMIC. One of the proposed solutions is, for example, to strengthen the role of collective bargaining by linking the SMIC to the average development of minimum wages in a "panel of representative sectors".

If you have any questions, our Franco-German tax consultants and expert accountants in Paris and Bonn will be happy to advise you in person. We are also happy to provide advice throughout France and Germany by telephone and video conference. Your Franco-German tax consultancy FRADECO.

 
 

Disclaimer of warranty

The greatest possible care has been taken in the preparation of these German and French newsletters, but changes, errors and omissions remain reserved. The abstract legal presentation in these newsletters cannot replace individual civil and tax law advice from a German-French consultant in relation to the individual case. Subsequent changes in the legal framework, the opinions of the German or French tax authorities or the case law, also with retroactive effects, are possible.