The individual income tax rate is 10%. Income tax is calculated according to a flat rate.
The employer cost is generally estimated at 6.25% of the employee salary.
*Pro-rated for employees working less than the full month.
Standard working hours are 8 hours per day, 40 hours per week. The standard workweek is from Monday to Friday.
Overtime payment is mandatory. It can be compensated financially or in the form of paid time off. Hours outside of standard work hours are considered overtime. Employees can work a maximum of 32 hours of overtime, per month. For additional hours, employees are paid: