HR & Labor
Minimum wage is $418.1 per month.
The employer is required to contribute monthly starting from employees 2nd year of work.
Employees are not required to contribute to a pension fund.
Employees are entitled to medical leave for non-occupational illnesses for up to one year.
If employees are not given notice, they are entitled to receive one paycheck for every ear employed by the company up to 25 months of payments.
Employee must provide 15 days of notice.
Employer must provide the employee with 30 days of notice.
There are 9 public holidays
Employees are entitled to 15 vacation days yearly after 5 years of employment, and an extra day for every year following at a maximum of 30 vacation days yearly.
Workers under the age of 16 receive 20 days, and between 16-18 receive 18 days.
VAT is 14% standard rate.
Employers contribute 11.15% of the employees salary to social security.
Employees contribute 9.35% of their salary to social security.
Non-residents pay a standard rate of 22% of their income on taxes. Residents range from 5-35% dependent on their income.