With just under a week until the end of November, lCompanies must already start paying the Supplementary Annual Salary (SAC), better known as aguinaldo.
It is an additional payment received by workers who It is paid in two installments: the first in June and the second in December. ANDIt is regulated in the Labor Contract Law 20,744 in arts. 121 and 122 (text modified by Law 27,073). In them, the calculation method and the payment dates are established.
And it is established that 50% of the highest monthly remuneration accrued for all concepts is calculated, in the semesters ending in June and December.
🤔 When is the Christmas bonus collected?
Several points must be taken into account when it comes to being settled, including the days worked, the best basic salary, overtime and other bonuses that have been received. But this year there were changes, along with the income tax, Ámbito said.
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Regarding payment terms the law establishes two dates: June 30 for the first installment and December 18 for the second.
They are fixed expiration dates and the guidelines of art. 128 payment terms, which distinguish between expiration period and payment period, enabling for monthly and biweekly remunerations a payment period of up to 4 business days after the expiration of the term.
It is not the case of the supplementary annual salary that has a fixed date established and therefore the maximum limit for its payment.
Any payment that is not made in advance or on the established dates violates current legislation. There is in all cases a “grace” period of four days.
💴How is it calculated?
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The Labor Contract Law establishes that the bonus must be equivalent to 50% of the highest monthly remuneration accrued in all respects of each semester.
To calculate the salaries from January to June are taken into account. The calculation must include the basic salary, overtime and other bonuses that have been received. And for himThe second installment of the bonus is taken into account the salaries from July to December.
In the event that a worker has not worked the entire semester, the formula to be used is: Christmas bonus multiplied by days worked, divided 180 (the days of the semester).
🤔What about the Income Tax?
The bonus will not pay from 2021 Income Tax, since it was exempted in the modification approved by Congress, in which the non-taxable minimum was also raised.
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💴Do monotributistas charge a bonus?
Despite the fact that months ago the possibility of implementing the Christmas bonus payment for monotax recipients of the lowest categories was outlined, finally no progress was made.