The Christmas bonus It is a labor benefit in Mexico established by the Federal Labor Law (LFT), which guarantees workers additional financial compensation at the end of each year.
This right aims to provide financial support to meet the expenses of the Christmas season. Below are the most important aspects that both employers and employees should know about the Christmas bonus.
What is a Christmas bonus?
The Christmas bonus is a mandatory annual benefit that employers must grant to their workers. before December 20th. This payment is equivalent, at least, to 15 days salary for those who have worked a full year in the company.
Employees who have been working for less than a year also have the right to receive a proportional share.
Who is entitled to the Christmas bonus?
All workers in Mexico are entitled to receive a Christmas bonus, regardless of whether they are hired permanently, for a fixed period of time, or under a reduced-work schedule. This includes:
- Trusted workers.
- Unionized workers.
- Domestic workers (although the calculation may vary depending on the type of contract).
Exclusion: Partners or shareholders of a company are not entitled to the bonus, since they are not considered employees under the LFT.
Employer's Obligations
- Payment date: The Christmas bonus must be paid before December 20th.
- Cash or transfer delivery: It can be made in cash, check or bank transfer, but it must always be verifiable.
- Fines for non-compliance: If the employer does not pay the bonus on time, he or she may face sanctions from the Ministry of Labor and Social Welfare (STPS), ranging from fines to more severe inspections.
Tax implications of the Christmas bonus
The bonus is subject to tax calculation:
- ISR (Income Tax): There are exempt limits. The equivalent of 30 UMAs is tax-exempt. For 2024, the daily UMA is $108.57, which implies that the first $3,257.10 will be free of ISRThe surplus will be taxed in accordance with Article 174 of the Income Tax Law Regulations.
Conclusion
The Christmas bonus is a fundamental right that seeks to support workers' finances at the end of the year. Both employers and employees must be informed about the calculation rules, payment dates and consequences for non-compliance to avoid conflicts and ensure compliance with this legal obligation.
If you have questions or need support in the Calculation of your Christmas bonusIt is advisable to consult an accountant or payroll specialist to ensure correct and transparent handling.
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