CTS 2023: how much should small, medium and large companies deposit?

Private sector employers You have until Wednesday, November 15 to make the payment of the Compensation for Time of Service (CTS)corresponding to the semiannual period May-October 2023.

“The CTS It is equivalent, on average, to an annual remuneration and must be deposited by the employer in favor of the worker in 50%, both in the months of May and November, with a maximum payment period of up to the 15th on each occasion,” he says. Mauricio Matos, Partner of the Labor Area of ​​EY Peru.

How much should small, medium and large companies deposit?

Although this payment corresponds to all workers in the private labor regime who have worked at least four hours a day and who have at least one full month of services between the months of May and October, The amount varies depending on the type of company in which you work.

In the case of the medium and large companiesIf the worker has worked the entire semester (May to October), he or she is entitled to 50% of the salary plus one sixth of the bonus received in July. However, if the worker has not worked the entire semester, he will receive one sixth of the salary for each month worked, including one sixth of the bonus received in July.

Regarding small companiesif the company is not registered in the Registry of Micro and Small Businesses (Remype), All its workers will have the right to the CTS in accordance with the general rule that applies to medium and large companies.

While, if the company is registered with Remype, workers hired before registration will have the right to the CTS in accordance with the general regime, and those hired after registration will receive the CTS computed at a rate of 15 remunerations. per day per full year of services, up to a maximum of 90 daily payments.

And what about microbusinesses?

Something similar happens with the microenterprises. If they are not registered in Remype, their workers will be entitled to the CTS under the scope of the general regime. On the other hand, if they are registered, the CTS will correspond only to those workers hired before their registration, given that workers hired after their registration will not be entitled to this benefit.

“In the case of workers in other sectors, such as those under the agrarian regime, The CTS is included in their daily remuneration at a rate of 9.72% of the basic remuneration andFor domestic workers, the CTS corresponds to them under the same conditions as the common labor regime,” explains the EY Peru partner.

Are days not worked considered within the CTS payment?

The CTS payment corresponds to the days worked. However, there are exceptions that require the employer to include these days even if the worker has not worked them, and they are: absences caused by work accidents or occupational illness in a maximum of 60 days within the year (the year is considered from the November 1 of one year and October 31 of the following year), days of pre- and post-natal rest, days of strike (as long as it has not been declared illegal) and days that accrue remuneration in a dismissal procedure.

Until when is the CTS freely available?

“It is important to add that currently, in accordance with Law No. 31480, the worker will be able to withdraw 100% of his CTS until December 31 of this year. However, there are some parliamentary initiatives that seek to extend this deadline until December 2025,” concludes Mauricio Matos, Partner at EY Peru.