In Ecuador it is customary to deliver a bonus at the end of the year which is calculated by adding the salary and all the benefits that the worker has throughout the year. To receive this bonus, the employee must have a dependent relationship. If you want to know more about the remuneration of the tenths Ecuador, how much is the correct amount, and the different situations in which this bonus is awarded, keep reading this article that talks about everything.
What is the day on which Companies cancel the Decimos Ecuador?
In Ecuador, workers who are dependent have the right to receive the Tenths Ecuador every year.
There is the Thirteenth salary. Which is received by the employee at the end of the year, is also known as a Christmas bonus. The calculation of payment tenths Ecuador It is calculated by adding all the salaries received in the year, which is made up of:
- The base salary.
- The overtime worked.
- Commissions.
- Other remuneration.
All this is added and divided by twelve, the result will be the thirteenth salary bonus. Which must be delivered no later than December 24 of each year. This is calculated from December XNUMX of the previous year to November XNUMX of the current year.
Remuneration will not be taken into account in tax cancellations, compensation, retirement, etc. This remuneration must be legalized before the Ministry of Labor, with the deadline being January 8 of the following year.
There is the Fourteenth Salary. It is an additional benefit received by the employee who is in a dependency relationship, it is also known as a school bonus, this means that it will be used for the expenses generated when the school year begins, its cancellation is mandatory annually by all companies and the amount is similar to the base salary and the day of remuneration varies according to the area where the employee is located.
It is important for all companies to know until when they must pay the tenths Ecuador. For the remuneration of the thirteenth salary, the cancellation is made for all zones during the same season.
In the case of the fourteenth salary, the maximum day of remuneration is different depending on the area where the worker is located. There is the Costa-Galapagos area and the Sierra-Oriente area.
To be clear about the days of remuneration, the following information is left:
Until when must the Thirteenth Ecuador pay?
As stated before, the thirteenth salary is due on December twenty-fourth of the current year to be delivered to the employee. And it is paid by making the sum of all the income that was during the year, such as the basic salary, the time worked outside of your working hour, if you receive commissions and other additional income.
All this is added month by month from November XNUMX of the previous year to December XNUMX of the current year, and then divided by twelve, the result is the amount that will be awarded to the employee.
Until when must the fourteenth Ecuador pay?
Employees are canceled according to the area where they are, as follows:
- Coast and Galapagos. The deadline to make the payment is March XNUMX of each year.
- Sierra and East. The deadline is the fifteenth day of August of each year.
When the employee is working for a period shorter than the calculated time, he has the right to have the amount canceled according to the proportion of tenths corresponding to the full year.
Types of cases as the tenth is delivered:
- When the Tenth Salary is Accumulated or is delivered partially
- There are two ways that the employee receives the bonus of the third tenth and it is up to him to choose the way he wants to receive it.
- If the employee selects the accumulated. The amount that you will receive for this reason will be stipulated for the total of the thirteenth.
- If the employee selects the monthly payment method. In this case, the employee will be divided by twelve months the bonus, which he will deliver each month, which in the regular case is received in the month of December.
Articles that may be of interest to you:
¿How to Register for Government Houses in Ecuador?
Manage a tuition payment inquiry in Ecuador
Manage a SRI Debt Consultation for Natural Persons