Between March and April of each year, private companies usually distribute profits among their workers. Therefore, it is important to review some aspects of this benefit:
WHAT COMPANIES SHOULD DISTRIBUTE PROFITS?
All private sector companies that had more than 20 workers on the payroll and generated tax profits (Third Category income) the previous year must distribute a percentage of these profits among their collaborators.
Therefore, public sector institutions, non-profit organizations, private companies that had 20 or fewer workers on the payroll the previous year, and private companies with tax losses or carrying losses are not required to make this payment. from previous years. Nor does this distribution correspond to microenterprises.
WHICH WORKERS RECEIVE THE BENEFIT?
All workers on the payroll who worked at least one day the previous year will receive benefits.
It includes temporary and indefinite-term workers, full-time and part-time, foreigners and Peruvians.
However, practitioners, people who issue receipts for fees, or informal workers are not considered.
It should be noted that it is not necessary for the worker to continue working in the company to receive this payment, therefore, former workers who were in the company the previous year will also receive this bonus.
WHAT PERCENTAGE OF PROFITS SHOULD BE DISTRIBUTED?
The percentage will depend on the economic activity of the company, and fluctuates between 5% and 10% of the profit obtained before taxes:
• 10% for industrial, fishing and telecommunications companies.
• 8% for mining companies, commerce and restaurants.
• 5% for other companies.
HOW ARE THESE PROFITS DISTRIBUTED?
50% of the total to be distributed is based on the days actually worked by the worker in the company, so it does not depend on the salary or position held.
The other 50% will be distributed based on the total remuneration received by the worker during the year.
Therefore, it must be clear that not all workers receive the same “number of salaries” for profits (as is often believed), since half of this benefit is distributed without considering remuneration.
For example, in the same company, an assistant who earns S/1,500 per month could receive S/6,000 in profits (4 times his salary), while a supervisor who earns S/4,000 per month could receive S/8,000 in profits (2 times your income).
It should also be considered that the maximum amount of profit payment per worker is 18 salaries.
WHEN ARE UTILITIES PAID?
The maximum period for payment is 30 calendar days after the presentation of the Annual Income Tax Affidavit to the SUNAT by the company, which has a deadline of April 11, 2024.
WHAT HAPPENS IF UTILITIES ARE NOT PAID ON TIME?
On the one hand, the worker has the right to request payment of interest for the days of delay. On the other hand, the company could receive a fine of more than S/120,000, depending on the number of workers affected.
Jorge Carrillo Acosta is a professor and finance expert at Pacífico Business School.
#payment #profits
– 2024-05-02 19:00:29