You may be surprised to know one of the benefits guaranteed by Mexican labor laws is the end of year bonus, known as el aguinaldo. All employees are very familiar with aguinaldo and anxiously await the payment due to them by their employer. If you have employees, including household staff, you must familiarize yourself with the legal ins and outs of this highly anticipated bonus.
Full-time employees are entitled to 15 days pay for their end of year bonus. This is in addition to their normal salary. Additionally, aguninaldo must be paid before the 20th of December. If the employee has not worked a full year, their aguinaldo should be prorated to represent the length of time they have worked for you. Part-time employees including household staff such as a cleaning person or garden are also entitled to receive their aguinaldo.
If you require payroll services, including assistance with calculating year end bonuses, please contact Mextax. Our Payroll Services include:
- Employer Registration with SAT
- Employer & Employee Registration with IMSS*
- Payroll calculation according to employer´s requirements (weekly, bi-monthly, monthly)
- Payroll Tax Seal (required by SAT)
- Monthly IMSS calculation
- Bi-Monthly INFONAVIT & SAR calculation
- Employee resignation or termination calculation
- Year-end bonus calculations
- Employee Profit Sharing calculation (PTU)
- Vacation bonus calculations
- Calculations of all additional payroll related incidents (unpaid time, overtime, Sunday worktime, etc.)
- Salary adjustments
- State payroll tax calculation.
Our expert team of accountants is well-versed in Mexican labor laws and is prepared to assist you in providing your employees with the benefits guaranteed to them.