6.23% - Pension Fund
3.11% - Pension Fund
25% - All Income Levels
Minimum wage is TT$15 per hour.
Paid Time Off
After one year of service, employees are entitled to between 2-5 weeks of paid vacation. This is generally determined in the employment contract and may vary.
Employees are entitled to 14 days of sick leave yearly.
There are 14 public holidays. Employees are entitled to paid time off for each of them.
VAT is 12.5% standard rate.
Employers must provide their employees with one months notice.
Employees must provide two weeks notice in a written resignation letter.
Employees of 1-5 years are entitled to 2 weeks of pay for every year employed, and every year beyond 5 receives 3 weeks of pay.