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- Basic Facts
- Statutory Labor Requirements
- Employee Income Tax In Brazil
- Employee Social Security In Brazil
- Immigration In Brazil
- Value Added Tax (VAT) In Brazil
- Withholding Tax In Brazil
- Statutory Employee Benefits In Brazil
- Ease Of Doing Business In Brazil
- Business Opportunities In Brazil Section
- Why Use Global Expansion To Hire Your Employees In Brazil
BASIC COUNTRY FACTS
Union of the Comoros
Moroni
- Comorian
- French
- Arabic
832,322
Comorian franc
.km
+269
Comorian franc
STATUTORY LABOR REQUIREMENTS
Probation Period
- Probationary period cannot exceed 6 months
Annual Leave
- Employees are entitled to paid annual leave of 22 days
Public Holidays
- New Year's Day (1st January)
- Cheikh Al Maarouf Day (18th March)
- Prophet's Ascension
- Labor Day (1st May)
- Eid al-Fitr
- Comoros National Day (6th July)
- Eid al-Adha
- Islamic New Year
- Prophet's Birthday
Maternity Leave
- In the case of pregnancy every woman has the right to suspend work for the period of 14 consecutive weeks, 8 of which have to be taken after the birth.
Paternity Leave
- There is no paternity leave
Work Hours
- The standard working hours are 8 hours a day and 6 days a week
Overtime
- Overtime is paid at a premium of 25% of hourly pay
Severance
- There is no statutory severance pay
13th Month Salary in Brazil
- No
- There is no statutory requirement to pay the 13th or 14th month salary.
- The only bonus available is given in the form of food and shelter to expatriates that cannot afford living in the country with their salary.
- Annual leave is paid after one year of work. There is no evidence of any other special monetary remuneration.
INCOME TAX
- Taxation in the Comoros is based on the French tax system.
- However, taxes are complex and tax rates are quite high.
- Individual income is taxed at progressive rates up to 30 percent, which applies on income of more than KMF3.5m.
- No tax is paid on income up to KMF150,000.
- All individuals with a permanent occupation in the Comoros are subject to personal taxation.
Taxable Income |
Rate (%) |
Less or equal to KMF 150,000 |
0% |
KMF 150,001 - 500,000 |
5% |
KMF 500,001 - 1,000,000 |
10% |
KMF 1,000,001 - 1,500,000 |
15% |
KMF 1,000,501 - 2,500,000 |
20% |
KMF 2,500,001 - 3,500,000 |
25% |
Over KMF 3,500,000 |
30% |
IMMIGRATION
- Foreigners will need a visa to enter Comoros. Individuals
- can get a visa on arrival at Hahaya airport or at other points of entry for €30.
- The main types of visas are as follows: -
-
- Tourist Visa on arrival (valid for 45 days)
- Long stay visa (valid for stays longer than 45 days)
- Travelers to the Comoros must hold a return or onward air ticket and all necessary documents for their return or onward journey.
- Comorians leaving the country must have a return ticket that cannot be refunded abroad.
Type of Visa/ Permit |
Documents |
Validity |
Eligibility |
Tourist Visa |
|
45 days |
|
Long Stay Visa |
|
valid for stays longer than 45 days |
|
VALUE ADDED TAX
- There is a consumption tax that has a standard rate of 10%.
- There are two reduced rates: electricity and telephone supply and banking services (5%); water supplies, private school fees and inter-island air fares (3%).
- Basic necessities are zero-rated.
VAT |
|
Standard Rate |
10% |
Reduced Rate |
5% |
Reduced Rate |
3% |
Zero Rate |
0% |
WITHHOLDING TAX
- Dividends are subject to 15% of withholding tax
- Interest is subject to 15% withholding tax
- Royalties are not subject to withholding tax
WHT |
|
Dividends |
15% |
Interest |
15% |
Royalties |
0% |
STATUTORY BENEFITS
- These are mandatory benefits as postulated by law
- These include probationary period, annual leave, public holidays, maternity leave, overtime pay.
- Statutory benefits also include social security benefits
Statutory Benefits |
Probationary Period |
Annual Leave |
Public Holidays |
Maternity Leave |
Overtime Pay |
Social Security Benefits |
EASE OF DOING BUSINESS
- The ease of doing business index is an index created by Simeon Djankov, an economist at the Central and Eastern Europe sector of the World Bank Group.
- Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
- According to the World Bank Comoros ranked 160th in the World in 2019 in terms of ease of doing business.