With the arrival of the end of the year, the long-awaited bonus is also presenteda labor right established in article 87 of the Federal Labor Law. This annual payment, which employers are required to make before December 20, is intended to provide financial support to workers to meet the expenses of the holiday season.
The bonus corresponds to an amount equivalent to 15 days of salary and is awarded to all workers who have worked for at least one year. For those who have not completed this period, payment will be proportional to the days worked during the current year, which ensures that all employees receive compensation commensurate with their time of service. Thus, the Christmas bonus becomes an important source of financial support during the Christmas holidays.
Since the bonus represents additional income, The question arises as to whether this will be subject to tax collection by the Tax Administration Service (SAT). It is common to wonder if the government will retain a part of this extra payment or if the entire amount will reach the worker. To clarify this concern, it is important to understand how taxation on the bonus works.
The SAT, which is the authority in charge of collecting taxes in Mexico, establishes that the bonus is subject to Income Tax (ISR). However, there are some exceptions. Workers whose bonus does not exceed 30 Measurement and Update Units (UMA) will be exempt from this tax. By 2024, one UMA is worth $108.57, so 30 UMAs are equivalent to $3,257.10. If your bonus is less than this amount, ISR will not be withheld.
If you want to know how much your taxes will be deducted and how much you will finally receive, You can use the SAT online calculator, which will allow you to obtain an accurate calculation of your net bonus. This tool is useful to better plan your finances during the holidays and ensure you receive the appropriate amount based on your tax situation.
Stay up to date with the news, join our WhatsApp channel
SV