Since the end of apartheid in the early 1990s, South Africa has attracted many foreign investments with social and political reforms conducive to business from different industries.
Employer of Record
EMPLOYER OF RECORD
total population in 2021
2380 BILLION USD
expected GDP in 2023
PUBLIC HOLIDAYS: 12
- New Year’s Day – January 1
- Epiphany – varies
- Easter Sunday – varies
- Easter Monday – varies
- Liberation Day – April 25
- Labor Day – May 1
- Republic Day – June 2
- Assumption of Mary – August 15
- All Saint’s Day – November 1
- Immaculate Conception – December 8
- Christmas – December 25
- St. Stephen’s Day – December 26
SOCIAL SECURITY AND TAXATION
Social Security: 29.00% – 32.00%
Injuries at Work Insurance (INAIL): 0.40%
Income Tax: 23% – 43%
Italy does not have a minimum wage. It depends on the collective agreement between employers and employees.
40 hours per week
No statutory requirements (based on collective agreements)
ANNUAL LEAVE CREDITS
8 days per year
5 months (paid)
10 days paid within 5 months of the child’s birth.
3 days (paid) (exceeding days are paid by the employer and the government by percentage)
Required 13th-month pay (“tredicesima”) paid on December
*Info is not binding, may vary, and is provided only as an indication.