Working Hours
As of 26th April 2024, the working hours are 44 hours per week, with daily work limit of 10 hours.
The working hours will reduce gradually over a four-year period.
On 26th April 2026, the hours will reduce to 42 hours a week, and 40 hours a week on 26th April 2028.
After 26th April 2028, the employer and employee may agree to distribute the workday to four working days a week, with three days of rest.
Minimum Wage
Effective 1 January 2025, the statutory minimum wage is set at CLP 510,500 per month for employees aged 18 to 65 inclusive, and CLP 372,989 per month for employees aged under 18 or over 65.
Employee Tax
Annual income | Tax rate |
|---|
Up to USD 11,368.06 | 0% |
USD 11,368.06 - 25,262.37 | 4% - USD 454.72 |
USD 25,262.37 - 42,103.94 | 8% - USD 1,465.22 |
USD 42,103.94 - 58,945.52 | 13.5% - USD 3,780.93 |
USD 58,945.52 - 75,787.10 | 23% - USD 9,380.76 |
USD 75,787.10 - 101,049.46 | 30.4% - USD 14,989.00 |
More than USD 101,049.46 | 35.5% - USD 19,637.28 |
Mandatory AFP (pension) contribution | 10% |
Health insurance contribution | 7% |
Unemployment insurance contribution | 0.6% |
Accident insurance contribution | 0.95% - 3% |
Bonuses
Companies must distribute 30% of their net profits to their employees, calculated in proportion to the employee’s salary.
As an alternative, employers may choose to pay each employee a bonus equal to 25% of their yearly salary.
