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How To Hire New Remote Employees | Comoros

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Comoros

, easily

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Comoros

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Comoros

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capital city
Comoros
currency
Comorian franc (KMF)
language spoken
Comorian
payroll frequency
Monthly
employer taxes
2.5%
vat - standard rate
10%
cost of living index
Low $568
gdp - real growth rate
per capita- $852
termination process
Moderate
employee protections
Moderate
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Overview

Comoros has a population of 850,886 people and is ranked number 53 in Africa according to the nominal GDP ($ 1.28). Comoros has a mixed economic system and relies heavily on agriculture.

Public Holidays

1 January- New Year's Day

27–28 February- Prophet's Ascension

18 March- Cheikh Al Maarouf Day

1 May- Labour Day

3–5 May- Eid al-Fitr

6 July- Comoros National Day

9–10 July- Eid al-Adha

29–30 July- Islamic New Year

8 October- Prophet's Birthday

Minimum wage

Comoros minimum wage is set at KMF 55,000 (Comorian francs per month.)

Payroll cycle

In Comoros, a month's salary for a worker is roughly 302,000 KMF. Salaries range from 76,300 KMF to 1,350,000 KMF (lowest average) (highest average, actual maximum salary is higher).

This is the monthly average pay, which includes housing, transportation, and other benefits. Salaries for various occupations fluctuate dramatically.

Taxation

The resident individual tax rates vary depending on annual income as follows; 

5% - for KMF 150,000-500,000

10% - for KMF 500,001- 1,000,000

15% - for KMF 1,000,001-1,500,000

20%-for KMF 1,500,001-2,500,000

25%- for KMF a 2,500,001-3,500,000

30% -for KMF above 3,500,000

Comoros income tax system operates on the Pay As You Earn (PAYE) system. Employees are taxed depending on their earnings each month. The rates range from 0 to 30 percent

Leaves

Parental Leave

Female employees in Comoros are entitled to 14 weeks of paid maternity leave, earning the same salary as when they were working. Three additional weeks might be given in case of any complications.

Termination process

An employer can terminate a worker’s employment if they provide valid reasons for employees' conduct or incapability to handle operations. Any other reasons such as racial discrimination or personal interest-based decisions are prohibited.

Notice Period

Comoros notice period follows the following guidelines:  

  • Terminating an employee's service without notice or before the notice period ends, remuneration or any other benefits that would have been earned must be paid. 

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