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

Minimum Wage

General

The minimum wage is 305 BYR ($155.87) monthly

Payroll

Payroll Cycle

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. "

Payroll Contributions

Social Security

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

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.

Leave

Maternity Leave

126 days (140 if there are medical complications or if more than one child is born. Women are paid the full sum within the first 10 days of their leave, which is calculated by the average day rate in the last 6 months * 126 days. After the 126 days, they can still be on maternity leave for up to 3 years.

Paternity Leave

No specific laws.

Parental Leave

No specific laws.

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. "

Notice Period

One month notice is required.

Severance Pay

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

VAT

General

20% standard rate.