Overview

Capital
Monetvideo
Currency
Uruguayan Peso
Date Format
dd/mm/yyyy

calendar icon 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

Minimum Wage

General

Minimum wage is 10,000 Uruguan Pesos (Approx. $349 USD) monthly.

Payroll Contributions

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.
Pension Fund
Employers: must contribute 7.5% of employees wages.
 
Employees: must contribute 15% of their wages.

Leave

Public Holidays

There are 5 paid public holidays.

Termination

Termination Process

Employers must provide one days written notice.

Notice Period

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.

VAT

General

VAT is 22% standard rate.