What happens if a company, due to lack of liquidity is late paying the regalia by a few days or even a week?
What are the penalties?
What are the penalties?
- Thread starter MrMike
- Start date
What happens if a company is late paying Christmas bonuses?
You're confusing Christmas holiday pay with the 10% net profit distribution among all employees. The Christmas pay has to be made on or before the 20th of December, whereas the 10% net profit distribution needs to be paid between 90-120 days after the closing of the company's fiscal year (Art. 224).
Too bad the employees don't have to pay the employer 10% of the net loss. Now that would be fair!
Profit distribution? Geez, no wonder foreign businesses are shuttering here all over the place, good grief.
If the government really wanted to help the people, they would quite paying those ridiculous and abusive salaries to a chosen few and spread the wealth to the real contributors. Not to mention all of the squandering, legal and otherwise, of customs, que verguenza.
If the government really wanted to help the people, they would quite paying those ridiculous and abusive salaries to a chosen few and spread the wealth to the real contributors. Not to mention all of the squandering, legal and otherwise, of customs, que verguenza.
I doubt that in using Dominican "usual and customary" accounting practices, that employees receive a whole bunch in their 10%...