- Date format
- Chilean Peso (CLP)
- the standard rate is 19%
- Unemployment - 2.4%
- Disability and Survival Insurance (SIS)
- Disability and Survival Insurance (SIS) - 1.99%
- Total Employment Cost
- Total Employment Cost - 4.39%
- Pension - 10%
- Unemployment - 0.6%
- Health Plan
- Health Plan - 7%
- Total Employee Cost
- Total Employee Cost - 17.60%
- Minimum Wage
- Minimum wage in Chile is 326500 CLP per month.
- Payroll Cycle
- 13th Salary
No statutory laws requiring a 13th salary.
- Employee Income Tax (1)
- 0 – 13.5 Monthly Tax Units - 0%
- Employee Income Tax (2)
- 13.5 - 30 Monthly Tax Units - 4%
- Employee Income Tax (3)
- 30 – 50 Monthly Tax Units - 8%
- Employee Income Tax (4)
- 50 – 70 Monthly Tax Units - 13.5%
- Employee Income Tax (5)
- 70 – 90 Monthly Tax Units - 23%
- Employee Income Tax (6)
- 90 – 120 Monthly Tax Units - 30.4%
- Employee Income Tax (7)
- 120 – 350 Monthly Tax Units - 35%
- General Working Hours
45 hours per week.
This is paid at 1.5x the normal wage.
- Paid Time Off
15 days a year.
- Public Holidays
- Sick Days
For the first three days of sick leave, the employee is not entitled to pay From the fourth day on however, employees are entitled to sick pay.
- Maternity Leave
30 weeks (paid). 6 weeks prior to the birth and 24 weeks after.
- Paternity Leave
5 days (paid). There is also an option for the mother to transfer days she will not use to the father, once seven weeks after the birth has passed.
- Parental Leave
Female employees – 10 days of parental leave for a child under the age of 18. This is paid at the time of the leave, but the time must be made up.
- Other Leave
Bereavement – 3 days ( paid) for the death of an immediate family member.
- Termination Process
Valid reasons for terminating an employees contract include mutual agreement, resignation, or expiration of a contract breach of contract (employer must be able to provide proof). Company needs or reorganization are the most common reasons for the dismissal of an employee.
- Notice Period
- Severance Pay
Employees who have a minimum of 1 year employment are entitled to severance pay. An employee is entitled to one month’s salary if they have worked 1-11 years. The employee will also accumulate another month of severance pay after a year of employment if they have also worked a minimum of half of the following year.
- Probation Period
- Employment Visa
All individuals who are not residents and wish to work in Chile must acquire one of two work visas: Visa Subject to a Contract OR Working Holiday Visa.