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Profit Sharing Pay Process - Coggle Diagram
Profit Sharing Pay Process
ART 121 LFT
In order for the worker to object to the pattern statement to the Secretary of Finance and Public Credit, the following steps must be followed:
The employer, within ten days of the date of filing of his annual declaration, shall provide the workers with a copy of it.
Workers may not present to others the data contained in the declaration and in its annexes.
Over the next 30 days, the union of workers of the company may make to the Ministry of Finance and Public Credit any observations it deems appropriate.
The Ministry of Finance and Public Credit shall be required to respond in writing.
The Ministry of Finance and Public Credit shall be required to respond in writing.
The final decision given by the same Secretariat may not be appealed by the workers.
Within thirty days after the resolution given by the Ministry of Finance and Public Credit, the employer will comply with it regardless of whether it challenges it.
ART 122 LFT
The distribution of profits among workers must take place within sixty days after the date on which the annual tax is to be paid.
The amount of unclaimed profits in the year in which they are payable shall be added to the shareable profit of the following year.
ART 125 LFT
The following rules shall be observed in determining the participation of each worker:
The employer will make available to the Commission consisting of representatives of the workers and the employer, the list of assistance and line of workers and the other elements available to it.
If the workers' and employers' representatives do not agree, the Labour Inspector will decide.
Workers may make any observations they deem appropriate, in the next fiveteen days.
If objections are raised, they will be resolved by the same commission referred to in the fraction, during the next fiveteen days.
