Overseas Faculty Manual - SALARIES

The corresponding annual basic salary plus expatriate allowance amount , inclusive of CTS (Compensation for Length of Service ) and the July and December bonuses are paid in 12 installments in US dollars on the 15th of each month net of Peruvian taxes.

If the 15th falls on a Saturday, Sunday or holiday. salaries will be paid on the first working day before the 15th of the month. Your first salary payment will be on August 15.

Payment may be via local bank deposit; via wire transfer to your account in North America; or via bank draft, on your expense.

Each month you will received two pay slips (one in Nuevos Soles and another in US Dollars). The Soles pay slip will reflect all calculations as mandated by law and calculated in Peruvian Currency (including the 30% income tax deduction and 12% for Social Contribution). The dollar pay slip corresponds to the calculations in dollars. You should check your monthly bank deposits with the dollar pay slip (Net pay).

You will need to sign the soles pay slip and send it back to the Business Office.