- Country Guide
- Chile
Chile
Last Update by Katie, 20 Aug 2024
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Exchange Rate
18 Sep 2024
Cost of Living
Indicative value for a working adult in a city: Santiago
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (CLP) |
|---|---|
| McDonalds Set Meal | 8,000 |
| Monthly Train and Bus Tickets | 40,000 |
| 3 Bedrooms Rental (City Center) | 863,767 |
| 3 Bedrooms Rental (Outskirt) | 742.333 |
Current Inflation Rate
4%
Wage
Minimum Wages
- As of July 1st 2024, 500.000 CLP per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (CLP) |
|---|---|
|
Entry-Level
Fresh Graduate
|
560,000 |
|
Mid-Level
5 Years
|
740,000 |
|
Experienced & Managerial Level
10 Years
|
1,100,000 |
|
Specialized & Senior-Level
15 Years
|
1,400,000+ |
Annual Salary Growth
3.7%
Statutory Contribution
Payroll contribution rates are calculated using Unidad de Fomento (UF), an inflation-indexed unit published by the Central Bank of Chile (BCCh) monthly, on June 25th this is 37,.553.11 CLP
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Occupation Accident and Disease Insurance |
0.93% + 0% - 3.4%- Work-related risk (manufacturing, construction, mining, agriculture, healthcare) Monthly capping of 84.3 UF |
- | All staff (excluding non-residents) |
| Disability and Survival Insurance (SIS) | 1.58% | - | All Staff |
| Unemployment Insurance |
2.4% Permanent contract 3% - Fixed Term contracts Monthly capping of 126.6 UF |
0.6% - permanent contract Monthly capping of 126.6 UF |
All staff other than those on fixed- term contracts or after 11 years' service |
| Pension Fund (AFP) | - | 10% | All Staff up to age 60 for women and 65 for men |
| Private (ISAPRES) and Public (FONASA) Health Insurance | - |
7% Monthly capping of 84.3 UF - ISAPRES and 60 UF - FONASA |
All Staff |
| Legal Gratification (Mandatory Annual Bonus) | 30% net income divided by total amount of staff | - | Companies with profits provide staff with an annual bonus |
Other Benefit
Other common employment benefits in Chile include:
- Child Care: Staff with 20+ female staff of any age or marital status provide a room at work where women with 2 year-olds can provide food for their children
Income Tax
Residents
-
Tax period: 1st January - 31st December
Filing Due Date: April
Country Level
| Taxable Income | Rate |
|---|---|
| 0-10,402,992.00 | 0% |
| 10,402,992.01-23,117,760.00 | 4.% |
| 23,117,760.01-38,529,600.00 | 8% |
| 38,529,600.01-53,941,440.00 | 13.5% |
| 53,941,440.01-69,353,280.00 | 23% |
| 69,353,280.01-92,471,040.00 | 30.4% |
| 92,471,040.01-238,883,520.00 | 35.5% |
| 238,883,520.01+ | 40% |
Non-residents
- 15% Flat rate on all taxable income
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
44 Hours
Monday - Saturday
Overtime
Capped at 2 hours per day, 12 hours per month
- Rate of pay is Base * 1.5 after 9 hours per day, 44 per week
Employment Contract
Fixed-Term
For piecework, seasonal activities, or projects
Contract Format
Written, in Spanish, bilingual Spanish and English contracts accepted. Contracts are sent to staff within 15 days of the employment start date
Payroll Currency
CLP, USD accepted
Probation
Not legally recognised
Contract Period
Up to 1 year and can be renewed once including renewals. Contracts lasting longer than 1 year are automatically converted to permanent.
Up to 2 years: For managers or staff with professional or technical skills and qualifications
Termination
-
Voluntary and Involuntary termination:
- 1 month in writing by either party
- Employers can make a payment in lieu of notice -
Severance:
- Salary paid till end of the contracts natural expiry date
Public Holiday
15 days
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 29 Mar | Good Friday |
| 30 Mar | Holy Saturday |
| 01 May | Labor Day |
| 21 May | Navy Day |
| 29 Jun | Saint Peter and Saint Paul |
| 16 Jul | Our Lady of Mount Carmel |
| 15 Aug | Assumption of Mary |
| 18 Sep | National Holiday |
| 19 Sep | Army Day |
| 14 Oct | Day of Race |
| 31 Oct | Reformation Day |
| 01 Nov | All Saints' Day |
| 08 Dec | Feast of the Immaculate Conception |
| 25 Dec | Christmas Day |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
15 working days + 1 day for every 3 years' service |
All staff including contractors with 1 years' service All staff after 10 years' service |
| Sick Leave | No limitation - stated by medical certificate | All staff registered for public or private health insurance |
| Maternity Leave |
18 weeks 6 weeks before birth, 12 weeks after |
All expectant mothers |
| Paternity Leave | 5 working days | All biological expectant fathers |
| Adoption Leave |
2 weeks- under 6 months old 6 weeks - over 6 months old |
All parents adopting children |
| Child Care Leave | up to 30 days | All parents with children terminally ill children under 18 years old |
| Bereavement Leave |
10 days - Partner 7 days - Child 4 days - unborn child, parents, grandparents and close family |
All staff |
| Marriage Leave | 5 continuous calendar days | All staff getting married |
| Military Service Leave | up to 30 calendar days | Staff choosing to take part military training as reserve personnel |
Reference
- https://www.numbeo.com/cost-of-living/in/Santiago
- https://www.dt.gob.cl/portal/1628/w3-propertyvalue-22071.html
- https://www.dt.gob.cl/portal/1628/w3-propertyvalue-22120.html
- https://www.glassdoor.com/Salaries/chile-administrative-assistant-salary-SRCH_IL.0,5_IN49_KO6,30.htm
- https://www.mintrab.gob.cl/40horas/
- https://www.mintrab.gob.cl/programa-3/
- https://previsionsocial.gob.cl/
- https://previsionsocial.gob.cl/seguridad-social/salud-comun/
- https://www.portaltransparencia.cl/PortalPdT/pdtta/-/ta/AL002/OA/PP0201/23707255
- https://www.portaltransparencia.cl/PortalPdT/directorio-de-organismos-regulados/?org=AL002&pagina=23707255
- https://valoruf.cl/valores-anuales-uf-2024.html
- https://www.bcn.cl/leychile/navegar?idNorma=207436b
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Contact UsCountry Guide - Chile
Last updated: 20 Aug 2024
Exchange Rate
Currency (CLP)
- 1 CNY = 0.185 CLP
- 1 USD = 1.32 CLP
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Santiago
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (CLP) |
|---|---|
| McDonalds Set Meal | 8,000 |
| Monthly Train and Bus Tickets | 40,000 |
| 3 Bedrooms Rental (City Center) | 863,767 |
| 3 Bedrooms Rental (Outskirt) | 742.333 |
Current Inflation Rate
4%
Wage
Minimum Wages
- As of July 1st 2024, 500.000 CLP per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (CLP) |
|---|---|
|
Entry-Level
Fresh Graduate
|
560,000 |
|
Mid-Level
5 Years
|
740,000 |
|
Experienced & Managerial Level
10 Years
|
1,100,000 |
|
Specialized & Senior-Level
15 Years
|
1,400,000+ |
Annual Salary Growth
3.7%
Statutory Contribution
Payroll contribution rates are calculated using Unidad de Fomento (UF), an inflation-indexed unit published by the Central Bank of Chile (BCCh) monthly, on June 25th this is 37,.553.11 CLP
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Occupation Accident and Disease Insurance |
0.93% + 0% - 3.4%- Work-related risk (manufacturing, construction, mining, agriculture, healthcare) Monthly capping of 84.3 UF |
- | All staff (excluding non-residents) |
| Disability and Survival Insurance (SIS) | 1.58% | - | All Staff |
| Unemployment Insurance |
2.4% Permanent contract 3% - Fixed Term contracts Monthly capping of 126.6 UF |
0.6% - permanent contract Monthly capping of 126.6 UF |
All staff other than those on fixed- term contracts or after 11 years' service |
| Pension Fund (AFP) | - | 10% | All Staff up to age 60 for women and 65 for men |
| Private (ISAPRES) and Public (FONASA) Health Insurance | - |
7% Monthly capping of 84.3 UF - ISAPRES and 60 UF - FONASA |
All Staff |
| Legal Gratification (Mandatory Annual Bonus) | 30% net income divided by total amount of staff | - | Companies with profits provide staff with an annual bonus |
Other Benefit
Other common employment benefits in Chile include:
- Child Care: Staff with 20+ female staff of any age or marital status provide a room at work where women with 2 year-olds can provide food for their children
Income Tax
Residents
-
Tax period: 1st January - 31st December
Filing Due Date: April
Country Level
| Taxable Income | Rate |
|---|---|
| 0-10,402,992.00 | 0% |
| 10,402,992.01-23,117,760.00 | 4.% |
| 23,117,760.01-38,529,600.00 | 8% |
| 38,529,600.01-53,941,440.00 | 13.5% |
| 53,941,440.01-69,353,280.00 | 23% |
| 69,353,280.01-92,471,040.00 | 30.4% |
| 92,471,040.01-238,883,520.00 | 35.5% |
| 238,883,520.01+ | 40% |
Non-residents
- 15% Flat rate on all taxable income
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
44 Hours
Monday - Saturday
Overtime
Capped at 2 hours per day, 12 hours per month
- Rate of pay is Base * 1.5 after 9 hours per day, 44 per week
Employment Contract
Permanent
Probation
Not legally recognised
Termination
-
Voluntary and Involuntary termination:
- 1 month in writing by either party
- Employers can make a payment in lieu of notice -
Severance:
- Staff can be terminated for restructuring, layoffs, bankruptcy
- Staff with 1 years' service: 1 month salary for each year of service, capped at 11 years
Fixed-Term
For piecework, seasonal activities, or projects
Probation
Not legally recognised
Termination
-
Voluntary and Involuntary termination:
- 1 month in writing by either party
- Employers can make a payment in lieu of notice -
Severance:
- Salary paid till end of the contracts natural expiry date
Public Holiday
15 days
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
15 working days + 1 day for every 3 years' service |
All staff including contractors with 1 years' service All staff after 10 years' service |
| Sick Leave | No limitation - stated by medical certificate | All staff registered for public or private health insurance |
| Maternity Leave |
18 weeks 6 weeks before birth, 12 weeks after |
All expectant mothers |
| Paternity Leave | 5 working days | All biological expectant fathers |
| Adoption Leave |
2 weeks- under 6 months old 6 weeks - over 6 months old |
All parents adopting children |
| Child Care Leave | up to 30 days | All parents with children terminally ill children under 18 years old |
| Bereavement Leave |
10 days - Partner 7 days - Child 4 days - unborn child, parents, grandparents and close family |
All staff |
| Marriage Leave | 5 continuous calendar days | All staff getting married |
| Military Service Leave | up to 30 calendar days | Staff choosing to take part military training as reserve personnel |
Reference
- https://www.numbeo.com/cost-of-living/in/Santiago
- https://www.dt.gob.cl/portal/1628/w3-propertyvalue-22071.html
- https://www.dt.gob.cl/portal/1628/w3-propertyvalue-22120.html
- https://www.glassdoor.com/Salaries/chile-administrative-assistant-salary-SRCH_IL.0,5_IN49_KO6,30.htm
- https://www.mintrab.gob.cl/40horas/
- https://www.mintrab.gob.cl/programa-3/
- https://previsionsocial.gob.cl/
- https://previsionsocial.gob.cl/seguridad-social/salud-comun/
- https://www.portaltransparencia.cl/PortalPdT/pdtta/-/ta/AL002/OA/PP0201/23707255
- https://www.portaltransparencia.cl/PortalPdT/directorio-de-organismos-regulados/?org=AL002&pagina=23707255
- https://valoruf.cl/valores-anuales-uf-2024.html
- https://www.bcn.cl/leychile/navegar?idNorma=207436b
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000