Overview

Capital Minsk

Currency Belarusian Ruble

Date Format dd.mm.yyyy

Taxes

Employer 1% - 10% - Social Secutiy

Employee 5.00% - Pension Fund
24% - Up to 120,000
26% of taxable income exceeding AMD 120,000 + AMD 29,280 - 120,000 - 2,000,000
26% of taxable income exceeding AMD 2,000,000 + AMD 518,080 - Over 2,000,000

Termination

Termination Process "In Belarus, an employment contract can be terminated in the following circumstances: * Agreement by both parties * If the contract's term expires except when neither of the parties wants the employment relations terminated. * If initiated by any party (the employer or employee). * If the employee agrees to being transferred to an elective position. * If the employee disagrees with moving to another location to follow the employer, if the employee disagrees with new labor conditions, anew owneror re-organization of the company. * If circumstances independent of the will of the parties. * If the contract is terminated after a probationary period. However, it is difficult for employers to terminate employees, and they must provide valid reasoning. Notice period must be 2 months unless otherwise stated in agreement. "

Advance Notice One month notice is required.

Severance Pay Severance payments are determinted in the employment contract but genrally are 2 weeks - 3 months.

Mandatory Benefits

Pension Fund The employer contributes 28% of regular wages. The employee contributes 1% of regular wages. There is no official ceiling, the average salary for pension contributions is calculated based on the average salary in Belarus at the time.

Social Security Employers contribute 6% of workers regular wages, and employees contribute 1%.

Minimum Wage

General The minimum wage is 305 BYR ($155.87) monthly

Payroll

General Salaries are paid on monthly basis, usually at the beginning of next month. Also it is possible for the company to pay a part of the salary in advance, approximately 40% of the salary is paid in the mid of current month.

Working Hours

General Fulltime employment is considered 40 hours weekly, and 8 hours daily.

Overtime "Overtime cannot exceed 10 hours weekly and 180 hours annually. Work day should not exceed 12 hours. Time off is given in lieu of payment for overtime. "

VAT

General 20% standard rate.