When are 2024 profits paid in Peru and how to calculate it?

The payment of utilities is one of the labor rights Compliance with which is never a bad thing for workers, especially in times of economic instability. Therefore, once fiscal year 2023 is over, millions of Peruvians are waiting to know the date on which they will see this additional amount in their accounts.

As is public knowledge, the deposit of this subscription has a certain time to be completed. Otherwise, it could have consequences for the employer(s). Next, review all the details regarding the payment of profits 2024.

When are utilities paid?

Profits are paid on March 25 and May 13, according to the number of R.U.C. of the company.

It should be remembered that these are a part of the net profits of a company that, after deducting taxes, losses, investments, among other items, are distributed among the workers as a social benefit. This distribution is made considering a percentage of the company’s net income and is a constitutional right for workers, depending on the economic activity carried out by the employer and the number of collaborators under its responsibility.

How much is the amount of profits that corresponds to a worker?

To calculate the amount to be received for utilities that the worker will receive, the remuneration received in the last year and the time worked in the company are considered. In this way, 50% is distributed based on the days actually and actually worked, while the other 50% will be according to the remuneration received.

• Fishing companies: 10%
• Agricultural companies: 5% between 2021 and 2023; 7.5% between 2024 and 2026; and 10% from 2027 onwards
• Telecommunications companies: 10%
• Industrial companies: 10%
• Mining companies: 8%
• Wholesale and retail trade companies, and restaurants: 8%
• Companies that carry out other activities: 5%

What companies do not receive profits?

• Public sector institutions
• Microenterprises accredited in the national registry of micro and small businesses
• Non-profit organizations
• Cooperatives, communal and civil societies
• Private companies that had 20 or fewer workers in 2022

How many times a year are profits paid?

The payment of this work benefit is granted once a year, after the end of the fiscal year. If the worker fulfilled his duties during the fiscal year, he will receive a greater amount than those who worked for less time. However, this benefit will be delivered the following year.

What can I do if my employer does not pay my utilities?

Failure to pay utilities is considered a serious violation and can be reported to the Sunafil. If the entity in charge corroborates this failure on the part of the employer, a fine ranging from 1.57 UIT (S/7,772) to 26.12 UIT (S/129,294) will be imposed, a figure that will be determined according to the number of injured workers.

How are profits calculated?

According to the Government portal, the following steps must be followed:

• First of all, the amount of money that will be distributed among the workers is obtained.
• A portion of the profits is calculated based on your days worked. The average value that a day of work of the employees has generated is obtained to obtain that result. Example: if it is determined that the work day generates S/3 and you worked 180 days, it is multiplied and this part of your profits is equivalent to S/540.
• The other part considers your income as a worker. The amount of money to be distributed is divided by the sum of the salaries of all workers. That result is multiplied by everything you have earned in the year. Example: if the division is 0.02 cents and you have earned S/27,000, they are multiplied and this part of your profits is also equivalent to S/540.
• Finally, both calculations are added. Following the example given, the total profit result is S/1,080.

How do I know if I receive profits?

• Be on the payroll in a private sector company.
• Work for a company that generates third-class income.
• Work in a company that has more than 20 employees.