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How to Calculate the Christmas Bonus / Aguinaldo in Mexico
How to pay the Christmas Bonus / Aguinaldo in Mexico. Franklin and Marisol discuss the calculation based on the daily pay rate and number of Christmas bonus days in the employment contract for the employee.
15 days is the federal minimum. However, it can be negotiated higher between the employee and the employer in Mexico.
The Christmas bonus / Aguinaldo must be paid no later than December 20th and is subject to withholding taxes based on caps (See sample calculation below the video.)
15 days is the federal minimum. However, it can be negotiated higher between the employee and the employer in Mexico.
The Christmas bonus / Aguinaldo must be paid no later than December 20th and is subject to withholding taxes based on caps (See sample calculation below the video.)
Example:
Note: If the employee works only 6 months of the year, the Christmas bonus / Aguinaldo is prorated. In this case, 7.5 days of Christmas bonus / Aguinaldo would apply.
- $60,000 USD Gross per year / 365 days = $164.38 USD daily pay rate.
$164.38 USD daily pay rate * 15 days Christmas bonus / Aguinaldo = $2,465.70 USD
Note: If the employee works only 6 months of the year, the Christmas bonus / Aguinaldo is prorated. In this case, 7.5 days of Christmas bonus / Aguinaldo would apply.
