Overview

Capital
Podgorica
Currency
Macedonian Denar
Date Format
dd/mm/yyyy

Taxes

Employer
18.8% - Pension and disability
7.5% - Health insurance
1.2% - Unemployment insurance
.5% - Work injury and occupational disease
Employee

Minimum Wage

General

$10.55

Payroll Contributions

Pension Fund

Employer: 9.9%
Employee: 4.95%

 

Termination

Termination Process

If the employee has been in the company for 3 months and less than a year, the notice period is 1 week. If from one year to 5 years, the notice period is 2 weeks. If from 5 years to less than 10 years, it is 4 weeks. From 10 years and over, its 8 weeks. Employees are entitled to a vacation pay for the days they haven’t taken during the termination. Its 4% or 6% depending on the length of the employment in the company.

Notice Period

One month