Every June comes the collection of the first Complementary Annual Salary (SAC)generally known as bonus that offers a extra pay for workers which is divided into two parts: the first arrives this month and the second in December.
The bonus is usually a sum equivalent to a percentage of the semester salary of the employee, which is delivered in the liquidation of June and December.
Christmas bonus 2023: when is it paid?
Yes ok there are only nine days left until the end of juneemployers have time until the 30 of this month to pay the bonus. They may even exceed this date by up to four business days of the following month.
How much do you charge for a bonus?
To know the additional charge, you must take into account the highest monthly remuneration received in the semester. This, 50% is calculated.
Those who were recently hired, the situation presented to them is different, since companies grant a proportional to the months worked.
In any case, there are deadlines to receive the benefit. On June 30 and December 18 correspondingly. These, They can be delayed up to four business days.
He SAC It is calculated according to the months worked, using either of these two formulas:
- Divide the best salary in halfdivide again that I ride for six and Multiply the result by the months worked.
- Multiply the months worked by half of the best monthly salary and, to that result, divide it by six.
Income Tax: how it impacts on the Christmas bonus
If this year you gross salary exceeds $506,230the Christmas bonus will be subject to a complete withholding of it.
However, if the average of the salaries does not exceed this amountthe additional money will be exempt until $253,115which is equivalent to the half of $506,230.
Meanwhile, the AFIP established the conditions for exempt the Christmas bonus from the payment of Earnings.
Through General Resolution 5358/2023, the agency indicated that in order to determine the origin of the exemption of the complementary annual salary corresponding to the fiscal period 2023, “it should be taken into account that the amount of remuneration and/or monthly gross salary does not exceed the sum of $506,230, inclusive“.
This measure had already been ordered by the Decree No. 267through which the Government increased the amounts of remuneration and/or have monthly gross to consider for apply the exemption of the Complementary Annual Salary.
Now, the AFIP issued a complementary measure to that official decision, and explained that, for the purposes of determine the provenance and the calculation of the special deduction of that tax.
Thus, withholding agents will have to meet a series of requirements, such as generate an additional settlement regarding remunerations and/or assets accrued as of May 1, 2023 that had been settled for said period prior to the publication of the new General Resolution.
Source: Ambito
