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Nicaragua

About the country

Capital: Managua
Currency: NIO – Nicaraguan Cordoba Oro
Population:6.850.540 (2021)
PIB: 14,01 (2021 mil millones)
VAT: 15%

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

Severance
When the employer terminates the employment contract for an indefinite period of time and without just cause, the employer shall pay the employee a severance payment equivalent to: 1)One month's salary for each of the first three years of work; 2) Twenty days of salary for each year of work after the fourth year.
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Annual leave
Every worker has the right to enjoy fifteen days of continuous and remunerated rest as vacation, for every six months of uninterrupted work in the service of the same employer.
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Maternity leave
The maternity leave allowance shall be equivalent to 60% of the average weekly remuneration, calculated in the same manner indicated for the sickness allowance and shall be granted during the four weeks preceding and the eight weeks following childbirth, which shall be mandatory rest.
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Paternity leave
The spouse or cohabitant in a de facto stable union who declares before a notary shall enjoy five calendar days of paid leave without losing any social benefits for the birth of his or her spouse.
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Sick leave
When the illness suffered by an active or laid-off insured person produces incapacity for work proven by the medical services of the Unified National Health System, he shall enjoy by means of rest orders a subsidy equivalent to 60% of the category in which the average of the last eight weekly contributions within the twenty-two weeks prior to the initial date of incapacity is included.
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