Overview
Capital
MonetvideoCurrency
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
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
0.125% - Labor Re-conversion Fund
15% - Pension Fund
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.
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.
Termination
Termination Process
Employers must provide one days written notice.
