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Hiring guidelines in Paraguay
- Pay & taxes
- Leave policy
- Termination
- Time-off
- Additional info
Pay & taxes
Leave policy
Termination
Time-off
Additional info
Minimum Wage Requirements
In Paraguay, the minimum wage since July 1st 2023 is PYG 2.680.373 per month, around USD 368.
Individual Income Tax
The individual income tax ranges from 8% to 10%. Income tax is calculated according to progressive rates, and based on the income of the calendar year. Income tax calculation will vary on the minimum wage set for the calendar year.
- Up to PYG 50.000.000 - 8%
- From PYG 50.000.000 to PYG 150.000.000 - 9%
- Over PYG 150.000.000 - 10%
Payroll Cost
The employer cost is generally estimated at 16.5% of the employee salary.
- Social Security (Instituto de Previsión Social) - 16.5%
- Family Bonus (Bonificación Familiar):
- PYG 127,515.35 for salaries lower than PYG 5,360,746.
- PYG 0 for salaries higher than PYG 5,360,746.
13th Month Salary (Christmas Bonus) - 1-month salary
One time fees:
Medical Exam - PYG 1,090,440.3 (~USD 150)
Overtime Pay & Maximum Hours
Standard working hours are 8 hours per day, and 40 hours per week. Maximum working hours per day remain 8 hours, with an extended work week until Saturday, summing 48 hours per week.
Overtime payment is mandatory. Hours outside of standard work hours agreed in the employment agreement are considered overtime.
When employee is asked to work overtime, the work hours shall not exceed of 3 hours per day or 57 hours a week.
All overtime above 48 hours are paid as:
- 150% of the hourly rate, during the day time
- 200% of the hourly rate, during the night time or on Public holiday