These are benefits that are reflected in employees` salaries and are based on the profits made by the employer in the current fiscal year. To calculate the legal subsidy, we first leave you the description of the concept and its requirements to understand the process. It is also important to note that this obligation is annual, so the monthly payment of these tips is not mandatory. If they are paid annually, this must be done no later than April following the end of the fiscal year. In Chile, legal satisfaction is an obligation of employers with employees, as it is regulated by law under article 47 of the Labour Code. Considering that the limit is 4.75, he checks if the amount earned is within the legal amount, the minimum wage for January 2022 being $ 350,000 for workers aged 18 to 65. To do this, multiply $350,000 * $4.75 and get $1,662,500, which is the annual tip. Strictly speaking, the obligation to pay a statutory minimum wage only applies to employees who are required to observe a full or partial ordinary working day. There you will find information on what salaries are and a description of the common assets they contain. At the same time, we will examine remuneration-related concepts such as the minimum wage, legal possibilities to change a wage, and a review of the protection of remuneration by law. This follows from frequently asked questions by the Internal Revenue Service, which provides this guidance for the question “What rules apply to taxpayers benefiting from the simplified accounting regime under point (A) of Article 14b of the ITL for the purposes of statutory employee bonuses?”.
applied in accordance with the criteria set out in Article 14d(8). There are two payment systems for statutory benefits: the 30% split or the 25% payment. You can choose one of these payment methods without having to repeat it the following year, unless a specific method is specified in the individual or collective agreement. It is not a problem to pay advances if the company and the employee agree to do so. There are two methods for calculating legal benefits, which we show below: First, we must clarify that the person responsible for calculating statutory benefits is the employer, since he is responsible for paying the remuneration of his employees. The legal premiums of a company in Chile are legal in nature and must be paid by the employer. They consist in the recognition of the work of employees by a benefit in their remuneration. There are two payment methods for statutory donation. In this regard, the employer can choose between: Nevertheless, what is done by companies legally and generally is to pay 25% of what has accumulated during the respective financial year for monthly remuneration. Employers or enterprises intending to make a profit (with the exception of cooperatives) are required to pay premiums to their employees in proportion to at least 30% of profits. In this article, we explain what legal advice is in Chile and how to calculate it for the purposes of the payment you need to make in the first quarter of the year. Read! In this case, if a monthly salary is cancelled without indicating a ratio to annual profit, a calculation is made taking into account the employee`s base salary, overtime and taxable bonuses.
A sum of each amount is paid and multiplied by 25%, which gives the amount of the statutory gift. The calculation of the legal benefit depends on how employers define it in the individual or collective agreement, which can be done in two ways: monthly and/or annual. This is the one provided for in individual or collective employment contracts. This document clearly indicates the method of payment, the amount and any other conditions related to the tip. Two types of conventional benefits can be obtained: In this context, when distinguishing between types of accounting, we must pay attention to the way in which the statutory benefit is applied in the provision of Article 14 D No. 8, because if we begin to analyze the standard, this would fall within the scope of the possibilities with which Article 14ter was generated in these cases. which was intended for SMEs with simplified accounting before the tax reform. The situation is different in the case of deemed income, since companies are not required to keep accounts, i.e. neither complete nor simplified, so they are not required to pay the accounts referred to in article No. 47 of the Labour Code.
As stated by the Labour Directorate, employees exempted from observing a working day under Article 22(2) of the Labour Code do not lose the right to remuneration equal to or higher than the statutory minimum income. It is very important to remember that the legal donation is subject to a condition precedent, which stipulates that the donation can only be made if the company makes a profit. Simply put, gross salary is the sum of base salary plus allowances and other benefits provided by the employer (FTA, commissions, bonuses, gratuities, etc.). For the calculation, the five days during which his weekday is contractually distributed by law are taken into account, whether or not there is a holiday in between. Chilean labor law stipulates that companies are required to cancel a legal bonus for all active employees of their company.