{"id":9837,"date":"2018-10-15T10:49:13","date_gmt":"2018-10-15T15:49:13","guid":{"rendered":"https:\/\/quadranslawandfinance.com\/?p=9837"},"modified":"2019-06-17T10:11:47","modified_gmt":"2019-06-17T15:11:47","slug":"settlement-and-liquidation","status":"publish","type":"post","link":"https:\/\/quadranslawandfinance.com\/en\/blog\/settlement-and-liquidation\/","title":{"rendered":"Settlement and liquidation, according to the Federal Labor Law"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #000000;\"><strong>Labor Law<\/strong><\/span><\/h1>\n<p><span style=\"color: #000000;\">The Federal Labor Law is expected, at any time the worker or the boss can give for the relation of work finished, already be when the worker decides to finish it or when the boss tries to finish it.<\/span><\/p>\n<p><span style=\"color: #000000;\">To the moment to leave a job or to be dismissed, there are two concepts that it is important that you know, to receive everything to what you have right according to the law.<\/span><\/p>\n<h2><span style=\"color: #000000;\"><em>Settlement<\/em><\/span><\/h2>\n<p><span style=\"color: #000000;\">The settlement it happens when the worker and the boss finished the relation of work voluntarily, you must receive a final letter must include all your data and break down the concepts for which they are paying.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">You have the right to receive a settlement when:<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Voluntary renunciation of your employment.<\/span><\/li>\n<li><span style=\"color: #000000;\">Your temporary contract is finished.<\/span><\/li>\n<li><span style=\"color: #000000;\">You are fired, it does not matter if it is justified or unjustified.<\/span><\/li>\n<li><span style=\"color: #000000;\">Sickness disability, you will also be paid the seniority bonus and invalidity bonus.<\/span><\/li>\n<li><span style=\"color: #000000;\">Death of the worker.<\/span><\/li>\n<\/ul>\n<p><strong><span style=\"color: #000000;\">The settlement must include:<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Days worked and not paid in the month.<\/span><\/li>\n<li><span style=\"color: #000000;\">Proportional part of the bonus.<\/span><\/li>\n<li><span style=\"color: #000000;\">Proportional part of your vacation.<\/span><\/li>\n<li><span style=\"color: #000000;\">Other benefits included in your contract.<\/span><\/li>\n<\/ul>\n<h2><span style=\"color: #000000;\"><em>Liquidation<\/em><\/span><\/h2>\n<p><span style=\"color: #000000;\">A liquidation, also know as labor compensation, only applies when the following conditions are present:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">The company revokes your contract, for reasons other than your work performance.<\/span><\/li>\n<li><span style=\"color: #000000;\">They dismiss you unjustifiably.<\/span><\/li>\n<li><span style=\"color: #000000;\">Resignations due to a lack of seriousness committed by the boss.<\/span><\/li>\n<\/ul>\n<p><strong><span style=\"color: #000000;\">The liquidation must include:<\/span><\/strong><\/p>\n<ul>\n<li><span style=\"color: #000000;\">3 months of salary, 20 days of salary for each year of work.<\/span><\/li>\n<li><span style=\"color: #000000;\">Seniority premium.<\/span><\/li>\n<li><span style=\"color: #000000;\">Salaries due, with a limit of 12 months when it is unjustified dismissal.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">* A liquidation must include the mentioned in the settlement.<\/span><\/p>\n<p><span style=\"color: #000000;\">The seniority premium consists of 12 days per year worked once the worker reaches 15 years old, with a cap of 2 times the daily wage of the geographical area.<\/span><\/p>\n<p><span style=\"color: #000000;\">Upon receiving the settlemen and the liquidation, an income tax must be paid, since in tax terms the Tax Administration Service (SAT) is accounted for as an income, for which four fundamental aspects must be considered:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Exceptions on settlements.<\/span><\/li>\n<li><span style=\"color: #000000;\">Exceptions on compensations.<\/span><\/li>\n<li><span style=\"color: #000000;\">Withholding of ISR on settlement.<\/span><\/li>\n<li><span style=\"color: #000000;\">Withholding of ISR on liquidation.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\">Knowing your rights, obligations and the employment situation in which you find yourself will help you to be better informed when it is your turn to receive a settlement or liquidation.<\/span><\/p>\n<p><span style=\"color: #000000;\">At QuAndrans law and finance we offer the payroll outsourcing service if you need to perform a calculation of settlements and liquidations of personnel.<\/span><\/p>\n<p><span style=\"color: #000000;\">&gt; You may be interested in reading our entry about <a style=\"color: #000000;\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/know-the-benefits-to-which-you-are-entitled-as-worker\/\"><strong><u>know the benefits to which you are entitled as a worker.<\/u><\/strong><\/a><\/span><\/p>\n<h4 style=\"text-align: center;\"><span style=\"color: #000000;\">Legal and Accounting Consultancy in Playa del Carmen<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Labor Law The Federal Labor Law is expected, at any time the worker or the boss can give for the relation of work finished, already be when the worker decides to finish it or when the boss tries to finish it. To the moment to leave a job or to be dismissed, there are two [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":9829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[],"class_list":["post-9837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-outsourcing-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Settlement and liquidation, according to the Federal Labor Law - QuAdrans law and finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/quadranslawandfinance.com\/en\/blog\/settlement-and-liquidation\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Settlement and liquidation, according to the Federal Labor Law - QuAdrans law and finance\" \/>\n<meta name=\"twitter:description\" content=\"Labor Law The Federal Labor Law is expected, at any time the worker or the boss can give for the relation of work finished, already be when the worker decides to finish it or when the boss tries to finish it. 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