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Ecuador

About the country

Capital: Quito
Currency: USD – American Dollar
Population: 17,888,474 (2021)
PIB: 106.17 billion (2021)
VAT: 12%

All payroll information about Ecuador is in your hands. This information is official and is always being updated and verify.

Severance
In Ecuador, the payment of severance indemnity is handled as follows: - 3 years or less: 3 months' remuneration. - 3 years or more: 1 month's remuneration for each year of service, not to exceed 25 months.
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Annual leave
Ecuador grants 15 days of annual vacation per year, including non-working days. Employees with more than 5 years of employment must receive an additional day of leave for each additional year.
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Maternity leave
Ecuadorian workers receive 12 weeks of leave for the birth of their child, and in the case of multiple births, the period is extended by 10 days.
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Paternity leave
Fathers in Ecuador are entitled to 10 days of leave for the birth of their daughter or son, and in the case of multiple births, the period is extended by 5 days.
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Sick leave
In Ecuador, if employees do not qualify for the General Individual and Family Health Insurance benefit, employees are responsible for taking care of it. Likewise, the employer shall be responsible for the payment of fifty percent (50%) of the salary or wages of the worker during the first three (3) days of non-occupational illness.
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13th salary
As of December 24 of each year, workers are entitled to receive one-twelfth of their annual compensation from their employers. Also, employees in Ecuador are entitled to an annual bonus equivalent to 1 monthly salary.
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