Find your employer of record in Cook Islands
Cook Islands
New Zealand Dollar (NZD)
Currency
Payroll Frequency
0 to 5
Employer Tax
With 2 clicks, start your journey to Hire a contractor or remote employees in Cook Islands without a entity set up.
Overview
Capital
Currency
Date Format
Fiscal Year
Reviews
Avarua
New Zealand Dollar (NZD)
DD/MM/YY
January 1st-December 31st
0 / 5 Star (0 Reviews)
Write ReviewFind your employer of record in Cook Islands
Cook Islands
New Zealand Dollar (NZD)
Currency
Payroll Frequency
0 to 5
Employer Tax
Overview
Capital
Currency
Date Format
Fiscal Year
Reviews
Avarua
New Zealand Dollar (NZD)
DD/MM/YY
January 1st-December 31st
0 / 5 Star (0 Reviews)
With 2 clicks, start your journey to Hire a contractor or remote employees in Cook Islands without a entity set up.
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Overview
New Zealand Dollar (NZD)
CURRENCY
Avarua
CAPITAL
PAYROLL FRECUENCY
16
PUBLIC HOLIDAYS
0 to 5
EMPLOYER TAXES
13TH / 14TH SALARY
The 13th Salary in this region is usual and typically given at the end of the year.
Employee and employeer taxation in Cook Islands
Employer
Employer Payroll Contributions
0% - 5%
Superannuation
0% - 5%
Total Employment Cost
Employee
Worker Payroll Contributions
0%- 5%
Superannuation
0% - 5%
Total Employee Cost
Employee Income Tax in Cook Islands
In New Zealand Dollar (NZD):
- 0.00%: For wages of up to NZD 14,600
- 17.00% - 17 cents for each NZD 1 above NZD 14,600: For wages between NZD 14,601 and NZD 30,000
- 27.00% - NZD 2,618 + 27 cents for each NZD 1 above NZD 30,000: For wages between NZD 30,001 and NZD 80,000
- 30.00% - NZD 16,118 + 30 cents for each NZD 1 above NZD 80,000: For wages over NZD 80,000
In Euro (EUR):
- 14.50%For annual wages of up to EUR 7,112
- 23.00% - Deductible amount: EUR 604.54: For annual wages between EUR 7,113 and EUR 10,732
- 28.50% - Deductible amount: EUR 1,194.80: For annual wages between EUR 10,733 and EUR 20,322
- 35.00% - Deductible amount: EUR 2,515.63: For annual wages between EUR 20,323 and EUR 25,075
- 37.00% - Deductible amount: EUR 3,017.27: For annual wages between EUR 25,076 and EUR 36,967
- 45.00% - Deductible amount: EUR 5,974.54: For annual wages between EUR 36,968 and EUR 80,882
- 48.00% - Deductible amount: EUR 8,401.21: For annual wages over EUR 80,882
Minimum Wage in Cook Islands
Payroll Contributions in Cook Islands
Payroll Cycle
Employers in the Cook Islands must process payroll on a monthly basis. On the other hand, getting payroll outsourcing services can make it easier to carry out this process. And with EOR or PEO services, you can get many other solutions.
13th Salary
In the Cook Islands, there is no statutory law or provisions regarding the 13th month’s pay.
Employee Benefit in Cook Islands
- Annual or earned leave.
- Sick leave.
- Public holidays.
- Healthcare benefits.
- Maternity benefits.
- Pension benefits.
Visa and work permit in Cook Islands
To stay and work in the Cook Islands, individuals need to obtain a work permit from the Ministry of Foreign Affairs and Immigration. Besides, the applicant must provide all necessary information, including personal documents, an employment contract, and a Health clearance check.
Furthermore, before traveling to this country, it is essential to get a police check. With an Employer of Record in the Cook Islands, you can get more information about the visa application process.
VAT in Cook Islands
The standard VAT rate in the Cook Islands is 15.00%. By hiring an Employer of Record in the Cook Islands, you can get all the information you need about taxes in this country. Or you can also hire a Professional Employment Organization to get similar services or solutions regarding employment and taxes.
Working Hours in Cook Islands
General
Employees in the Cook Islands should not work more than 40 hours per week. Otherwise, employers will be required to pay overtime. With an Employer of Record in the Cook Islands, you can obtain more details about working hours in this country. Besides, you may also receive HR and payroll outsourcing solutions for your company.
Overtime
Only employees who are wage earners in the Cook Islands can receive this entitlement. And that is because these employees have fixed hours of work and rates of pay. Therefore, these elements limit possibilities for overtime. But if an employer requires an employee to work beyond their regular working hours, they must pay them overtime. In this case, employers must pay the corresponding overtime rate, which is 1.5 times the monthly wage of the employee.
Working Week
Monday to Friday.
Employee Termination in Cook Islands
Termination Process
Both parties involved (the employer and the employee) can terminate the employment contract based on the requirement. However, according to the employment laws, employers can terminate employees in the Cook Islands on the following terms:
- In case of redundancy.
- If the employee is not capable to perform their duties.
- In case of misconduct.
Notice Period
Employers in the Cook Islands must provide employees with a notice period of at least one week.
Severance Pay
There are no statutory laws for severance pay in the Cook Islands.
Probation Period
In the Cook Islands, the probation period should not exceed 6 months.
Employee Leaves in Cook Islands
Paid Time Offs
As per the labor laws, the minimum entitlement that employees can receive is 10 working days off as annual leave. Besides, employees should receive this entitlement after each year of service. But in the case of part-time workers, they may receive a pro-rated portion. However, hiring an Employer of Record in the Cook Islands is recommendable in order to calculate annual leave accurately.
Public Holidays
There are 16 national holidays throughout the year.
Vacation Holidays
There are 10 vacation holidays throughout the year.
Sick Days
For every completed year of service, employees can receive an entitlement of 5 days of paid sick leave.
Paternity Leave
Employees who become fathers can take no less than 2 days of paid paternity leave. Then, if they need more time, they can take 3 days of unpaid paternity leave.
Paternal Leave
In the Cook Islands, there are no provisions for parental leave for employees.
Other Leave
There are no other types of leave in the Cook Islands.
Maternity Leave in Cook Islands
In the Cook Islands, female employees can receive 6 weeks of paid maternity leave.
There are 42 leave throughout the year.
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