Dear clients and friends,
Throughout the year, two key moments can create challenges in the relationship between employers and employees. These are the review of the Collective Bargaining Agreement and the Profit Sharing process.
Mismanagement of Profit Sharing can lead to serious labor disputes, or even a strike.
To handle this process effectively, employers must consider the following stages and deadlines:
LEGAL TERMS FOR PROFIT SHARING PURPOSES
|
STAGES |
TERMS | DEADLINE |
|
Financial year 2024. |
January 1st to December 31st, 2024. |
December 31st, 2025. |
|
Submission of the Income Tax Return for the financial year by the company. |
Within 3 months after the end of the financial year. |
March 31st, 2025. |
|
Delivery of the copy of the Tax Return to the employees. |
Within 10 days from the date of submission of the Annual Tax Return. |
April 10th, 2025. |
|
Integration of the Mixed Commission to prepare the sharing project of each employee. |
Within 10 days counted from the date of delivery of the copy of the Tax Return.. |
April 20th, 2025. |
|
Review of the Tax Return of the financial year of Company by the employees. |
During the next 30 days from the date of delivery of the copy of the Tax Return to the employees. |
May 10th, 2025. |
| Profit sharing payment. | Within 60 days from the date, the annual tax was paid or should be paid. |
May 30th, 2025. |
* The dates mentioned above may vary depending on the tax return filing date.
Should you have any questions or comments regarding the foregoing, please do not hesitate to contact your usual Firm representative.
