Start profit sharing and this is what you need to know

The first two weeks of April are about to arrive, and with them profit distribution begins.

However, some Mexican workers still have doubts about What are utilities?Who do they belong to? And how are they divided?

To answer these questions, the head of the Ministry of Labor and Social Protection of the Population (STSP) Louisa Maria Major Lujanposted a video explaining ABC division of the cake.

The Mayor emphasizes that profit is an economic incentive, considered a constitutional right, which is also included in federal labor law (LFT), which recognizes the contribution of employees to the profits of companies.

“All companies in our country are required to distribute profits from April 1st to May 30th“, he emphasizes.

This is what you should know about it profit distribution:

The distribution should be equal 10% of all profits generated during the previous financial year. In this case, which corresponds to fiscal year 2022.

This benefit applies to those who have worked at least 60 days in that fiscal year.

Profit sharing is the responsibility of any company established at least one year ago and earning a profit for over 300,000 pesos.

In order for each worker to know the global amount to be distributed, companies must deliver a copy of your tax return each other.

the mayor stressed that Federal Attorney for Labor Protection (Profedet) can answer questions – at 800 911 7877 and 800 717 2942 -.

Source: Aristegui Noticias

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