Bono 14 Payment: Agreement Suspended in Guatemala
Wednesday, July 15, 2020
The Constitutional Court provisionally suspended the agreement that allowed companies that currently do not have the economic capacity to comply with the payment of the Annual Bonus, to reconcile the amortization of the obligation with the employees.
The agreement of the Ministry of Labor (Mintrab) 250-2020, which was published in the Diario de Centroamérica on July 10, stipulates that in order to postpone the payment of the Bono 14, employers who are not in a position to do so due to the economic crisis resulting from the outbreak of covid-19, could make an application to the Ministry.

See the "System for monitoring markets and the economic situation in Central American countries", prepared by CentralAmericaData.

In response to this decision by the Executive, the Indigenous and Peasant Trade Union Movement of Guatemala (Msicg) and the Honorary Court of the Association of Lawyers and Notaries of Guatemala (Cang) filed actions of unconstitutionality before the Constitutional Court (CC).

On 14 July the CC reported that it had "... decreed the provisional suspension of Agreement 250-2020 of the Ministry of Labor and Social Security, which contains the 'Procedure for Presentation of the Notary Public's Affidavit of Non-payment of the Annual Bonus for Workers in the Private and Public Sectors."

Javier Zepeda, Executive Director of the Guatemalan Chamber of Industry (CIG), told Prensalibre.com that "... As the Chamber of Industry we do not know the substance of this ministerial agreement. We haven't read it, but the issue of the 14th bond, what we believe should be more important at this time, is to try to establish a dialogue between employees and employers, given the situation we are experiencing that also affects workers but also companies on the other hand, many of them do not have the capacity due to the crisis we are experiencing."

Source: prensalibre.com
DO YOU NEED MORE INFORMATION ABOUT YOUR BUSINESS SECTOR?
Request more information:
Name*
Last Name*
Email:*
Telephone (choose your Country):*


Company:*
Title:*
Size of the Company:*
Industry:*
Yes, I want to receive a call from a salesperson*
Comments:*
this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423
Source: prensalibre.com
More on this topic
Reduction of Working Hours Allowed in Costa Rica
March 2020
The Executive Branch endorsed the new law that allows companies to temporarily reduce the working hours agreed with their employees, in the context of the crisis generated by the covid-19 virus.
On the morning of March 21, the deputies gave the second debate with 47 votes and unanimous approval to file 21854, the law authorizing the reduction of working hours prior to the declaration of a national emergency, reported the Assembly.
Coronavirus: Proposal of the Industrial Sector
March 2020
In order to mitigate the effects that will derive from the covid-19 crisis, businessmen of the industrial sector of Guatemala ask the government to adjust the measures in aspects such as banking, credit, labor and tax.
Economic activity will be reduced, which we are already experiencing. Therefore, it is important to take measures at both the health and economic levels to reduce the impact, explains a statement from the Chamber of Industry of Guatemala (CIG).
Unions Against Part-time Employment
September 2019
Arguing that the regulations contradict some articles of the Political Constitution, in Guatemala union groups brought an action against the agreement that allows companies to hire part-time personnel.
After years of discussion, on June 27th Governmental Agreement 89-2019 was published in the Official Gazette. This Agreement establishes the Regulations of Convention 175 of the International Labor Organization (ILO), which will regulate the hiring of part-time personnel in the country.
SMEs exempted from audited financial statements
March 2009
The measure that forced the submission of audited financial statements for the payment of income tax was limited to big enterprises.
The Guatemalan Congress approved Decree number 14-2009 which limited the types of companies that must file audited financial reports.
Goods
bonds
Key entities
Javier Zepeda Chamber of Industry of GuatemalaConstitutional Court (Guatemala)
Countries
Guatemala
Insight
Company Companies employees law Lawdividend payment economic crisis health alertJudicial system Local Law Economics
RELACIONADO
Companies
Company
Economics
Law
law
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2022 © CentralAmericaData.com
Trade InteligenceWho we areContact Us