Who will it be? profits this 2023? Although it is a labor right, they do not apply to all workers and, furthermore, it depends on whether the companies have had net profits. Learn more in this note.
Profit sharing is a right recognized in Article 29 of the Political Constitution of Peru, which aims to provide workers with access to the net profits (if any) received by the employer as a result of their business management.
The payment of profits must be made within 30 days after the expiration of the term for the presentation of the Annual Sworn Declaration of Income Tax. This 2023, payments must be made between March 27 and May 11, 2023, according to the latest RUC number. If you are a formal employee, find out if you meet the requirements to access this benefit.
WHAT ARE UTILITIES?
The companies that develop third-category income-generating activities are obliged to distribute profits. This is the distribution of a percentage of net earnings (if any), after deducting investments and taxes.
WHO RECEIVES THE PROFITS?
The profits correspond to workers who are on the payroll and belong to companies that generate third-category income and have more than 20 employees.
To access this right, the company where they work must have generated net profits.
WHO DOES NOT RECEIVE UTILITIES?
Those workers who belong to microenterprises accredited in the National Registry of Micro and Small Enterprises.
IF I AM A FORMER WORKER CAN I COLLECT UTILITIES?
If you are a former employee of a company that generates third-category income and has more than 20 employees, you can collect profits (in case you had net profits).
In this case, the amount is calculated, according to the days you worked, and the remuneration you received during the year that corresponds to the profits.
WHAT IS THE PERCENTAGE OF PROFIT SHARING BY SECTOR?
The applicable percentage depends on each sector. For example:
- Agricultural Companies: 5% between 2021 and 2023.
- Telecommunications companies: 10%
- Industrial Companies: 10%
- Mining Companies: 8%
- Wholesale and retail trade companies and restaurants: 8%
- Companies that carry out other activities: 5%
HOW IS THE DISTRIBUTION OF PROFITS FOR WORKERS CALCULATED?
What is distributed is a percentage that will depend on the activity. From there, the determination of the amount to be distributed is made as follows:
- 50% depending on the days worked: Example: if it is determined that the business day generates 3 soles and you worked 180 days; multiply and this part of your profits is equivalent to S/540.
- 50% based on the remuneration received by the worker: The amount of money to be distributed is divided by the sum of the salaries of all the workers, that result is multiplied by everything you have earned in the year. Example: if the division is 0.02 cents and you have earned 27 thousand soles, they are multiplied and this part of your profits is also equivalent to 540 soles.
- Both calculations are added and, according to the examples indicated, the total profit result is S/1,080.