HR & Labor
Minimum wage is 1805 BOB ($259.33 USD) monthly.
Employers can make voluntary contributions to employees pension plans.
Employees contribute 10% of their wages.
Employees are entitled to 5 days of paid sick leave yearly.
Employees are entitled to three salaries, plus one salary for every year employed by the company. If employed for less than one year, payments will be a percentage of salary correlating to the percentage of time of the year worked.
Employee must provide 30 days of notice if on an indefinite contract.
Employees on an indefinite contract require notification from the employer 90 days before termination.
Temporary employment contracts terminated after:
1 month = 1 week notice, 3 months = 15 days notice, 1 year = 30 day notice.
There are 11 public holidays.
Employees employed between 1-5 years are eligible for 15 vacation days, 5-10 years employed = 20 days, 10+ years employed = 30 days.
VAT is 13% standard rate.
Employers are required to pay social security for their employees equal to 16.71% of their salary. This contribution is allocated to housing, professional risk, short-term insurance, and employer solidarity contribution.
Employees are required to pay social security equaling 12.71% of their salary. This contribution is allocated to seniority contribution, common risk, pension fund commission and insurers solidarity contribution.