Everything we know about 2024 profits: what is the payment deadline and how is it calculated?

In contexts of economic instability, the benefit of profits is presented as a fundamental right of employees to obtain additional compensation for your contribution to the company. With the end of the fiscal year 2023, the expectation among Peruvian workers to know the date of deposit of this supplementary income in their accounts is notably high.

The importance of adhering to the established schedule for the disbursement of these utilities is widely recognized, given that failure to comply may result in adverse implications for the employers. Therefore, it is essential to carry out a thorough analysis of all aspects relevant to the allocation of profits for the year 2024, in order to ensure transparency and compliance with business obligations.

When should I be paid utilities and what is the deadline?

The delivery of profits to workers must be carried out within a period of no more than 30 days after the deadline stipulated for the presentation of the annual income tax return. This means that the payment must occur within an interval that goes from March 25 to May 13.

Profits 2024: how are profits determined?

According to the information provided by the Government, you must follow these steps:

• It begins by calculating the total amount of money that will be distributed among the workers.
• A portion of profits is based on the days worked by each employee. The average value generated per day of work is determined and multiplied by the number of days worked. For example, if it is established that one day of work generates S/3 and 180 days have been worked, the resulting calculation for this part of the earnings would be S/540.
• The other part is calculated based on the individual income of each worker. The total amount of money to be distributed is divided by the sum of the salaries of all employees and then multiplied by the annual income of each worker. For example, if the division results in 0.02 cents and an employee has earned S/27,000 during the year, the calculation for this part of the earnings would also be S/540.
• Finally, both calculations are added to obtain the total profits. Following the previous example, the total profits would be S/1,080.

How can I calculate how much money I get for profits?

The calculation of the amount that a worker will receive as earnings is based on their salary from the last year and the time they have worked at the company. 50% is distributed according to the days worked, while the other 50% is determined according to the salary received.

The profit distribution rates, depending on the type of company, are as follows:

• Telecommunications companies: 10%
• Fishing companies: 10%
• Industrial companies: 10%
• Agricultural companies: 5% between 2021 and 2023; 7.5% between 2024 and 2026; and 10% from 2027 onwards.
• Mining companies: 8%
• Wholesale and retail trade companies, and restaurants: 8%
• Other companies: 5%

Which companies are not making profits?

• Public sector entities.
• Microenterprises registered in the National Registry of Micro and Small Businesses.
• Non-profit organizations.
• Cooperatives, communities and civil societies.
• Private companies that had 20 or fewer employees in 2022.