5% - Pension
There is no minimum wage, low-paid employees are protected by agreements with certain countries.
Workers of 1-5 years are entitled to one months notice. Workers of over 5 years are entitled to two months notice.
Those employed for 1-5 years are required to provide one months notice. Those employed for over 5 years must provide two months notice.
Employees leaving a position are entitled to EOSB (end of service benefits). These benefits are agreed upon mutually between employer and employee, and must equal at least 3 weeks of employees gross salary for each year employed.
Currently, there is no VAT. There are plans to introduce it in the first quarter of 2018.