Utilities 2023: Who gets this benefit and when does payment start?

Workers in the private activity work scheme will receive from this month a supplement to their usual income which corresponds to the payment of the profits 2023.

But who will benefit? When does payment start? And what amounts are we talking about? Faced with these questions, Jorge Carrillo Acosta, professor and finance expert at Pacífico Business Schoolgives us more details on this advantage.

According to the finance specialist, all private sector companies who had more than 20 workers on the payroll and generated tax profits (third category income) the previous year, must distribute a percentage of these profits among their employees.

Therefore, public sector institutions, non-profit organizations, private companies that had 20 or fewer workers on the payroll in the previous year, and private companies with tax losses or carry losses from previous years. This distribution does not correspond to micro-enterprises either.

Carrillo explained that the people who will receive utilities are all salaried workers who worked at least one day the previous year. Includes temporary and permanent, full-time and part-time, foreign and Peruvian workers. However, practitioners, people who issue fee receipts and informal workers are not taken into account.

It should be noted that it is not necessary for the worker to continue working in the company to receive this payment, therefore, former employees who were with the company the previous yearthey will also receive said bonus.

The percentage will depend on the economic activity of the company, and will fluctuate between 5% and 10% of the profit obtained before taxes:

– 10% for industrial, fishing and telecommunications companies.

– 8% for mining companies, the trade sector and restaurants.

– 5% for other companies.

50% of the total to be distributed is based on the days actually worked by the worker in the company, so it does not depend on the salary or the position held. The remaining 50% will be distributed according to the total compensation received by the worker during the year.

Therefore, it should be clear that not all workers receive the same “number of wages” for benefits (as is often believed), since half of this benefit is distributed regardless of pay.

For example, in the same company, an assistant who earns S/1,000 per month could receive S/5,000 benefits (5 times his salary), while a supervisor who earns S/4,000 per month could receive S/8,000 in benefits (2 times his salary). It should also be considered that the maximum utility payment amount per worker is 18 wages.

The maximum payment period is 30 calendar days after the presentation of the annual income tax declaration before the CIRCUMCISION by the company, and has a deadline of April 11, 2023.

On the one hand, the worker has the right to demand the payment of interest for the days of delay. On the other hand, the company could receive a MORE up to S/129,294, depending on the number of workers affected.