All workers employed in a dependent relationship in the private sector have the right receive profit. They are paid on the basis of working hours, regardless of the role or position they occupy..

According to him Article 97 of the Labor Law An employer or private sector company must recognize 15% of net profit for the benefit of its employees or former employees. This value is divided into: 10% for all workers and 5% according to their family obligations, they apply to a spouse or common-law partner, children under 18, and disabled children of any age.

Employers and companies in Ecuador are required to keep accounts must pay utilities to its workers in the period from April 1 to 15, 2023.

For their determination, they will be taken as base declarations or liquidations of income tax payments. When it is not possible to determine the tax base of income tax, the tax administration will determine the tax administration within the scope of its authority to determine. In addition, the employer will take into account the length of service, without making any distinction with the income or the type of occupation or activity of the worker or former worker who worked during the fiscal year in which the profit was made.

How many consecutive years can the company not pay a profit to its employees?

To check if a worker who has stopped working in a certain company has any pending amount, you can do so by selecting the “Utilities and daily allowance” option in the Services menu, through the Ministry’s website: http://www.trabajo. gob.ec/

It can also be viewed by going directly to the website http://consultaconsignaciones.trabajo.gob.ec/ConsultaConsignaciones/pages/consultaConsignacion.jsf