Capital Sucre

Currency Boliviano

Date Format dmy

calendar icon Public holidays calendar


Employer 2.00% - Housing
1.71% - Professional Risk
10.00% - Short Term Insurance
3.00% - Employer Solidarity Contribution

Employee 10% - Seniority Contribution
1.17% - Common Risk
0.50% - Pensionary Fund Commission
0.50% - Insurers Solidarity Contribution
13% - Flat Rate


Termination Process 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.

Advance Notice Employee must provide 30 days of notice if on an indefinite contract.

Severance Pay 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.

Mandatory Benefits

Pension Fund Employers can make voluntary contributions to employees pension plans. Employees contribute 12% of their wages.

Social Security Employees contribute 16.71% of their wages

Minimum Wage

General Minimum wage is 2060BOB ($297) monthly

Working Hours

General Fulltime employment is considered 48 hours weekly for men, and 40 for woman.

Overtime Overtime is paid at 200%


General 13% rate.


General 1 Salaries are paid on monthly basis on the last day of the month. Employees are paid a Christmas bonus in December equal to one months salary.