By law, their employer must pay them an aguinaldo or bonus of $7,500 pesos.
How much is the Christmas bonus in Mexico?
Under Mexican law, all employees (including maids, gardeners, cooks) deserve a Christmas bonus. It also creates and keeps a good, healthy relationship with your employees. Employees are entitled by law to receive 15 days pay for their Christmas bonus.
How do you calculate Aguinaldo?
For the calculation of the Aguinaldo you have to add all the paid gross salaries per employee, this includes over time, double time, commissions, maternity leave, etc; subtract absences, sickness licenses from December 1st of the previous year through November 30th of the current year, and divide it by twelve.
How much is Aguinaldo in Costa Rica?
In turn, every employer, be it the government, the big corporation or the corner shop, is obliged to pay it. And pay it in full before December 20 or face sanctions. The Aguinaldo in Costa Rica, for simplicity’s sake, is equal to one month’s salary received for the past 12 months between December and November.
What is the Christmas bonus in Mexico called?
A Christmas bonus (or Aguinaldo) is mandatory in Mexico, and should be paid by the 20th of December so the employee can use it for the holidays.
How does Aguinaldo work in Mexico?
An aguinaldo is a legally mandated annual Christmas bonus paid by businesses in Mexico to their employees. … The bonus must be paid by Dec. 20 of each year. Employers who don’t pay, pay late, or make partial payments to their employees can be fined as much as 5,000 times the minimum wage if they’re reported.
Who gets Aguinaldo?
Christmas bonus in addition to regular pay
Mexican labor law stipulates that all employed people must receive an Aguinaldo equivalent to at least 15 days of wages, and it must be paid before December 20. This is in addition to any regular pay or other benefits that the employer offers.
Does Mexico have 13th month pay?
The payroll cycle is bi-weekly, and employees are generally paid on the 15th and the last day of each month. A 13th-month salary payment is mandatory in Mexico; it is a bonus payment paid by December 20th (Aguinaldo). The Aguinaldo is calculated as 15 working days of salary, plus an allowance, based on a 365-day year.
What is the 13th month salary?
13th month pay is required to be no less than one-twelfths of your base salary. Allowances and other compensation packages aren’t factored into the calculated number. The final amount you can get is affected by your months of service to the company as well as any absences you may have made.
How much do maids get paid in Mexico?
A typical maid or waiter will make around 1300 to 1600MXN (Pesos) bi monthly, plus tips.
Are bonuses taxed in Mexico?
There is payroll tax in Mexico which is levied at the state level. … Federal tax of 30% is applied on vacation premium exemptions, grocery coupons, and Christmas bonuses.
What is the role of aguinaldo in the Philippines?
Emilio Aguinaldo led a revolutionary movement against the Spanish colonial government in the Philippines. He cooperated with the U.S. during the Spanish-American War but subsequently broke with the U.S. and led a guerrilla campaign against U.S. authorities during the Philippine-American War.
What is an aguinaldo in Puerto Rico?
In Puerto Rico, the aguinaldo is a musical gift offered during the Christmas season and is a tradition inherited from the island’s Spanish colonizers. As a musical gift, aguinaldos are mostly played by “parranderos” or “trullas” during the Christmas holidays. … Aguinaldos are also played at Christmas church celebrations.
How are Mexican vacations paid?
The law guarantees six (6) days of vacation for the first year of services. Thereafter it increases by two working days successively until reaching twelve (12) days, After the fourth year, the vacation period will increase two days per every five years of service, as indicated in Art.
Is a Christmas bonus mandatory?
The payment of Christmas bonus required by law should normally be made between November 15 and December 15 of the current year. If the Christmas bonus does not exceed $600, the employer will not withhold taxes from bonus paid.
What is El Aguinaldo in Bolivia?
In Bolivia workers get double or three times the normal salary in December! This is called ‘El Aguinaldo’ and is a government law and has to be paid for by the employers. Many workplaces also give a ‘Canastón de fin de Año’ or ‘End of the year basket’ to their employees.