Private companies usually distribute profits to their workers between February and March. This is more than enough reason to know the most important aspects about this job benefit.
“All private sector companies that had more than 20 workers on the payroll and generated tax profits (Third Category income) the previous year, must distribute a percentage of these profits among their employees,” he mentioned. Jorge Carrillo Acostaprofessor and finance expert at the Pacific Business School.
On the other hand, these are the companies that are not required to make said payment, according to the professor:
- Public sector institutions
- Nonprofit organizations
- Private companies that the previous year had 20 workers or less,
- Private companies with tax losses or losses from previous years.
- Microenterprises are also exempt from this distribution.
Which workers will receive the benefit?
In Carrillo’s words, all employees who are on the payroll will receive profits, however, they must have worked at least one day the previous year. Temporary and indefinite-term, full-time and part-time, foreign and Peruvian workers are also included.
It should be noted that interns, people who issue receipts for fees, or informal workers to collect utilities are not considered. “It is not necessary for the worker to continue working in the company to receive this payment, so former workers who were in the company the previous year will also receive said bonus,” the teacher clarified.
When are utilities paid?
The maximum term for the payment of profits is 30 calendar days after the presentation of the Annual Income Tax Affidavit before the National Superintendency of Customs and Tax Administration (Sunat) by the company, and The deadline is April 8, 2022.
What happens if utilities are not paid on time?
For his part, the worker has the right to request payment of interest for the days of delay. On the other hand, the company could receive a fine of up to approximately S/ 94,000.
What percentage of profits should be distributed?
This will depend on the economic activity carried out by the company, and fluctuates between 5% and 10% of the profit obtained before taxes:
- 10% for industrial, fishing and telecommunications companies.
- 8% for mining companies, the commerce sector and restaurants.
- 5% for other companies.
How are profits distributed?
Carrillo Acosta maintained that 50% of the total to be distributed is based on the days actually worked by the worker in the company, so it does not depend on salary or position held. Meanwhile, the other 50% will be distributed based on the total remuneration received by the worker during the year.
In this sense, “it must be clear that not all workers receive the same “number of salaries” for profits (as is often believed), since half of this benefit is distributed without considering remuneration,” said the financial specialist.
For example, in the same company, an assistant who earns S/ 1,000 per month could receive S/ 5,000 in profits (five times his salary), while a supervisor who earns S/ 4,000 per month could receive S/ 8,000 in profits (twice your income). “It should also be considered that the maximum amount of payment of utilities per worker is 18 salaries”limited the teacher.
Source: Larepublica
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