Employer Payroll Tax
Employee Payroll Taxes
Employee Income Tax
The hourly minimum wage is 3.30 BZD.
Employees can be paid on a weekly, bi-monthly, or monthly basis.
There are no provisions in the law.
A standard workweek is 45 hours.
Overtime is any work exceeding:
- 8 hours per day in accordance with the Shops Act
- 9 hours per day in accordance with the Labour Act
- 6 days per week
- 45 hours per week
All overtime work should be paid at 150% the normal rate.
Employees are entitled to 2 working weeks of paid leave per year.
There are 13 public holidays.
An employee is entitled to sick leave after working for an employee for 60 days. Within a 12-month period, the employee is entitled to 16 days of paid sick leave. In order to receive payment, the employee should present a medical certificate to the employer.
After the 16th day, social security pays for sickness. Sickness benefits are paid for up to 234 days; 80% of average weekly insurable earnings for the first 156 days, and 60% of average weekly insurable earnings for the remaining 78 days.
Female employees are entitled to 14 weeks of paid maternity leave. Up to 7 weeks of leave can be taken before the birth of the child. A minimum of two weeks prenatal and 7 weeks postnatal leave is mandatory.
Employees receive 80% of their average weekly earnings. The minimum benefit 44.00 BZD a week and the maximum benefit is 384.00 BZD a week.
Paternity leave is not required by law.
Parental leave is not required by law.
Unless an employer can provide sufficient cause for dismissal without notice (due to misconduct, disobedience, lack of skill, neglect of duties, or absence without permission), written notice is required.
The notice period is determined by length of employment:
- Over 2 weeks to 6 months – 1 week notice
- Over 6 months to 2 years – 2 weeks’ notice
- Over 2 years to 5 years – 4 weeks’ notice
- Over 5 years – 8 weeks’ notice
Employed for 5-10 years – 1 week’s wage for each year of completed service
Over 10 years of employment – 2 week’s wage for each year completed
The standard VAT rate is 15%.