This article aims to answer the questions further frequent on OCT of the workersoffers a clear and accessible guide for both employers and workers, so that they know their rights and obligations regarding the OCT. The legal and financial consequences that arise from employers’ failure to pay or comply with PTU are also discussed.
1.What is PTU of the Workers (PTU)?
The worker profit sharing It is a labor right that recognizes the contribution of workers in the generation of Profits of the company. This is a benefit that is granted in the form of a percentage of the company’s net profits during a specific period.
2. How do you calculate he amount What workers will receive as PTU?
The PTU amount is 10% of the company’s annual profit.
3.Who has the right to receive the PTU?
Have right to receive PTU for all workers that they have worked at least 60 days during the period in it that profits were generated. This includes basic, trusted, temporary and regular workers.
4.Workers pay ISR upon receiving PTU?
The excess of 30 days is taxed of the minimum wage, the lower amount is exempt from ISR
5. What are the PTU payment due dates for corporate employers and natural person employers?
- What is the PTU Joint Distribution Commission?
The Joint PTU Distribution Commission is a representative body made up of workers and employers, in charge of verifying that the distribution of PTU is carried out in accordance with the law and in a fair and equitable manner.
- What is the tax treatment before the ISR for employers when paying PTU?
Regarding tax treatment before the ISR, the PTU is considered a deductible expense for the employer.
- How should PTU be distributed among workers?
The distribution of PTU among workers must be done in proportion to the time worked during the period being calculated and the total annual income of each worker. 50% for each of the 2 factors on the total PTU to be distributed
- What employers can pay a maximum of 1 monthly PTU salary to their workers?
Employers Professional natural persons and landlords
- What is the fine for not paying the corresponding PTU?
The fine for not paying the corresponding PTU can be up to the equivalent of 315 days of the general minimum wage in force in the corresponding economic zone.
Recommendation:
If you are an employer in Mexico, it is important that you comply with your legal obligations in relation to the PTU to avoid possible fines and sanctions. We recommend that you consult with an expert in labor or tax law to learn about the requirements and deadlines for the payment of PTU, as well as the corresponding tax obligations.
If you require more information or a specialized consultation, I will share my contact email: [email protected]
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