Tax and labor costs impact on payroll Tax impact on salary Employer Employee –9% (Social Security) –13% (Government Pension Fund) or –0.90% (basic tax for work accidents insurance, certain industries)plus a % based on each industry) –11-12% ( Private pension Fund)-Income Tax bracket Other indirect costs (Salary benefits) Employer 9.72% – 30 days salary (for each …
Expatriates contracts are subject to certain limits settled down by law and should comply with an specific procedure. Limits.- It is an obligation of the local company which hires foreign personnel to match with the limitations imposed by law as follows: Number of foreign workers : Local company will only be able to hire foreign personnel up …
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Debt collection in Perú If you are doing business in Peru or planning to do it, here you have some information and advises which could help you to decide the most secure way to do it. If your client tells you that issuing a letter of credit in Peru is very expensive, you have to …