Archive for January, 2020

Adjustment to Minimum Wages in Costa Rica (Private Sector)

Wednesday, January 15th, 2020

The National Salary Board (CNS) approved the adjustment of the minimum wage for individuals and companies subject to labor relationships in Costa Rica.   Starting on January 1st, 2020 employees from the private sector in Costa Rica that earn only the minimum wage benefit from an adjustment of 2,53% to their compensation. On the other […]

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Adjustment to Social Security Contributions in Costa Rica

Wednesday, January 15th, 2020

Starting on January 1st, 2020 the worker and employer´s statutory contributions to Costa Rican Social Security Fund (CCSS) increased as explained below:   Worker´s contribution to IVM (Temporary Disability, Retirement and Demise Insurance) 4.00%   Worker´s contribution to SEM (Temporary Disability and Maternity Insurance) 5.50%   Worker´s contribution to the Banco Popular 1.00%   Worker´s […]

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2020: Adjustment to Social Security Contributions in Costa Rica

Wednesday, January 15th, 2020

Starting on January 1st, 2020 the worker and employer´s statutory contributions to Costa Rican Social Security Fund (CCSS) increased as explained below:   Worker´s contribution to IVM (Temporary Disability, Retirement and Demise Insurance) 4.00%   Worker´s contribution to SEM (Temporary Disability and Maternity Insurance) 5.50%   Worker´s contribution to the Banco Popular 1.00%   Worker´s […]

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2020: Adjustment to Minimum Wages in Costa Rica (Private Sector)

Wednesday, January 15th, 2020

The National Salary Board (CNS) approved the adjustment of the minimum wage for individuals and companies subject to labor relationships in Costa Rica.   Starting on January 1st, 2020 employees from the private sector in Costa Rica that earn only the minimum wage benefit from an adjustment of 2,53% to their compensation. On the other […]

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Modification to the Labor Code of Costa Rica: HIV Law Nº 7771

Wednesday, January 15th, 2020

On December 2nd, 2019 the President of Costa Rica sanctioned bill Nº 7771 “HIV Law” to reform articles 71 and 81 of the Labor Code.   Among the changes introduced by said bill, the following are the most relevant for those individuals and companies subject to labor relationships in Costa Rica:   Employers must refrain […]

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Enactment of the Regulation to Regulate Telework in Costa Rica

Wednesday, January 15th, 2020

On December 20th, 2019 the Regulation to Regulate Telework was enacted.   Such a new regulation complements the existing Law to Regulate Telework by establishing the minimum conditions that govern the labor relationships that develop under the teleworking modality.   Among the matters included in this new Regulation are the prior obligations to the implementation […]

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