How is the final count calculated?

How is the final count calculated?

How is the final count calculated?

the final countdown means remuneration remaining due at the end of the contract, which calculation taking into account base salary, seniority and length of notice; this if and only if both parties have agreed on the termination of the contract, the period of notice.

How is the final account calculated in the DRC?

the final countdown is calculated depending on the type of employment contract and the reason for termination. As part of a permanent contract, it is calculated as follows: monthly salary / hour of work mentioned in the contract x contract hours worked.

How to calculate the monthly salary in the DRC?

Indeed, the number of days worked during the period considered allows the salary calculation itself or salary basic. For example, you have a salary basic rate of $10/day and you have worked regularly for 26 days: salary : 26 x $ which constitutes the gross basis.

Who is entitled to the final count?

the final countdown arises from the termination of the employment contract or the definitive termination of the services. the final countdown arises from the termination of the employment contract or the definitive termination of the services. One final countdown miscalculated or not paid according to the rules, is the source of many disputes.

All worker enjoys, during each period of seven days, a rest period comprising at least twenty-four hours. This rest is granted as much as possible at the same time to all staff. He takes place on Sunday. However, collective agreements may provide for specific favorable conditions.

What is the minimum wage for a Congolese worker?

The daily rate of the guaranteed interprofessional minimum wage (minimum wage) is set at 335 Congolese Francs. Minimum wage rates such are increased by at least 3% per full year of uninterrupted service spent by the worker in the same company.

What are the rights of workers in Congo?

Unless more favorable provisions of collective agreements or individual contracts of workthe worker acquires right paid leave at the expense of the employer at the rate of a minimum of 26 working days per year of effective service.

What is the source of Congolese labor law?

the labor law is especially characterized by the existence of sources of law of professional origin: the company rules and the collective agreement. The code of congolese work provides for this regulation in articles 1 (internal regulations in France, workshop regulations in Belgium, etc.)

What is the minimum wage in Congo Kinshasa?

The daily rate of minimum wage interprofessional guaranteed (minimum wage) is fixed at 335 Francs Congolese. Minimum wage rates such are increased by at least 3% per full year of uninterrupted service spent by the worker in the same company.

What is the SMIC of a Congolese worker?

Today called minimum wagethe G replaced by C to say growth, it is officially increased to 7075 francs Congoleseor almost 5 US dollars since January 2018, but its application has never been respected by employers.

What is the RDEC tax rate?

Under the RDEC scheme, the benefit is delivered as a taxable ‘above the line’ credit, in the main body of the company’s income statement before the tax charge. For costs pre , the rate was 12 per cent, giving an after tax benefit of 9.72 per cent.

How do you account for RDEC on an income statement?

The credit is offset against your tax liability or, in some circumstances, is payable in cash. RDEC can be accounted for above-the-line in your income statement (also known as your profit-and-loss account), providing a positive impact on visible profitability in your accounts.

What is the RDEC scheme?

Tea RDEC scheme is a taxable credit offered by the government to promote private investment in innovation.

What R&D expenses can be included in an RDEC claim?

There are prescribed categories of R&D expenditure that can be included within an RDEC claim. Qualifying expenditure for RDEC is: Staff costs, including salaries, employer’s NIC and pension contributions, as well as some funded business expenses. Money spent on Externally Provided Workers (EPWs) and some subcontractor costs.