Utilities 2023: What you need to know if you own a company?

On March 24 next year, the legal deadline for the payment of profits for 2023 begins, but what should entrepreneurs know?

First of all, they should take into account that this work allowance implies a distribution of a percentage of profit company among its employees on wages.

Companies that registered profits during the previous year after calculating the income received minus investments and taxes they had to pay, are required to make this payment.

To be required to pay a deposit utilities the company must also have more than 20 employees, if they do not exceed this number, they should not do so.

Self-governing companies, cooperatives and utilities are not required to make this payment; individual companies; civil societies; microenterprises that are duly accredited by the National Registry of Micro and Small Enterprises.

Who should receive payment?

Companies should consider that if they meet the above characteristics for depositall its employees, including those on open-ended, fixed-term and part-time contracts, must receive wages.

The pay should be the same for remote workers, whether they are nationals or foreigners, as long as they receive a wage.

“It is enough for an employee to work effectively one day a year for him to be entitled to payment of the corresponding utilities. That is why it is important to know well everything that this calculation involves. For example, knowing what he is doing does not depend on the performance, productivity or behavior of the worker,” explains Jaime Kusken, Associate Partner of EY Labor in Peru.

Service providers or issuers payment receipts they do not receive this compensation for not being employed.

“The same thing happens with state employees, with the exception of those who work in state-owned companies that apply the labor regime of private activity. In the case of construction workers, utility bills are paid weekly throughout the year,” they add.

How should it be paid?

Payment utilities This must be done within a maximum period of 30 days after the deadline for submitting the income tax return.

terms this year they run from March 24 to April 11. Thus, according to the last digit of the RUK, the maximum terms for paying utility bills are as follows:

This distribution of profits depends on the industry to which the company belongs. Percent utilities what they have to distribute varies as follows:

• Fishing companies: 10%
• Agricultural companies: 5% until 2023
• Telecom companies: 10%
• Industrial companies: 10%
• Mining companies: 8%
• Trade companies and restaurants: 8%
• Companies that carry out other activities: 5%

To calculate the amount to be distributed, a company must consider two factors:

• The total amount of the employee’s remuneration received during the previous year.
• Number of days worked per year.

50% of the final amount payable is due to days worked worker and the remaining 50% to their salary.

“Furthermore, it must be taken into account that its calculation does not take into account emergency bonuses, food stamps, the cost of transport or mobility, collectively agreed benefits such as study allowance, Internet or electricity costs. , among other things. The amount payable for utilities does not count towards the payment of the EsSalud premium or the withholding of the ONP or AFP premium. However, it is subject to income tax of the fifth category, which the employee takes on,” the lawyer said. EY Peru workspace partner.

Keep in mind that if the company does not pay utility bills or pays partially, then the company may be fined.

If a company is denounced by an employee in front of Sunafil, the company may receive fine from 1.57 UIT, which is SGD 7,771.50, to 26.12 UIT, which is SGD 129,294.00, depending on the number of affected workers.