Paraguay
EOR Rate
$649
/month per employee

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Country Snapshot

VAT on Invoice

10%

Currency

PYG

Timezone

UTC-4

Minimum Wage

2.9K PYG Thousand/Month

Payroll Frequency

Monthly

Employment Type

Full-time

Paraguay is a South American economy with strengths in agriculture and energy.

General Information

CapitalAsunción
Population7,013,078
TimezoneUTC-4
Official LanguageSpanish, Guarani

Employment Laws

Working Hours48 hours/week
Minimum Wage2.9K PYG Thousand/Month
Probation PeriodUp to 30 days
Notice Period30 days

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Leave Entitlements

Annual Leave12 days
Public Holidays12 days
Sick LeavePaid
Maternity Leave18 weeks
Paternity Leave2 days

Social Security

Employer Rate16%
Employee Rate9%

IPS (Social Security Institute)

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Taxation

Corporate Tax10%

Flat corporate income tax

Termination Rules

Notice + severance mandatory

Bonus Requirements:

No mandatory bonus

Additional Information

Under an EOR arrangement in Paraguay, employment must comply with statutory labor laws and social security requirements. Payroll administration includes income tax withholding and mandatory contributions. Termination procedures require notice and may involve severance. Compliance errors may result in penalties. An EOR manages payroll and labor compliance.

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