HR & Labor
Minimum wage is 850 PEN per month
Employers are not obligated to contribute.
Employees are obligated to contribute 13% of their wages.
Severance payments are only required for unjust dismissal. In such cases, employees are entitled to 0.5 monthly salary per year employed (up to 12 payments) in addition to 1.5 times monthly salary.
Employees must provide 30 days written notice.
Written notice must be provided with at least 6 days notice.
The length is dependent on the employees ability to work. The first 20 days are covered by the employer, and following for 11 months social security covers pay.
Employees are entitled to 30 days leave annually.
There are 11 public holidays. Employers are not obligated
VAT is 18% standard rate.
There is no payroll tax in Peru.