Overview
Capital Monetvideo
Currency Uruguayan Peso
Public holidays calendar
Taxes
Employer 3% - SNS
6.9% - 27.5% - Risk Fund
0.125% - Labor Re-conversion Fund
7.5% - Pension Fund
Employee 5% - SNS
0.125% - Labor Re-conversion Fund
15% - Pension Fund
Termination
Termination Process Employers must provide one days written notice.
Mandatory Benefits
Pension Fund
Employers must contribute 7.5% of employees wages.
Employees must contribute 15% of their wages.
Social Security
Employers must contribute 3% to national health insurance, 0.125% to the labor re-conversion fund, and between 6.9% - 27.5% to labor risks.
Employees must contribute 5% to national health insurance, and 0.125% to labor the re-conversion fund.
Advance Notice There is no regulation on notice of resignation.
Severance Pay Employees are entitled to severance payments which includes one months salary for every year employed up to 6 months of salary.
Minimum Wage
General Minimum wage is 10,000 Uruguan Pesos (Approx. $349 USD) monthly.
Paid Time Off
Vacation days Employees are entitled to 20 paid vacation days after their first year. For every 5 years employees are entitled to one additional vacation day.
Sick days There is no regulation on number of sick days, social security covers payment during sick leave.
Public Holidays There are 5 paid public holidays.
VAT
General VAT is 22% standard rate.
