Sunday 23 January 2022

Christmas Arrives. Hacienda Announces Payment of Aguinaldo On Wednesday

The central government will pay out on December 12 some ¢208 billion colones to its 213,126 public sector workers with respect to the annual bonus

Paying the bills


Facebook experiments with Costa Rica reducing political content

QCOSTARICA - Meta, the multinational technology conglomerate, is carrying...

Why did retailers stop offering discounts in September?

QCOSTARICA - The traditional discounts or "ofertas" in Spanish, ...

President will present a counterproposal on medical cannabis

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Vehicle restrictions start at midnight starting Monday, January 24

QCOSTARICA - The government announced this Friday afternoon that...

Use of PIN for card payments pushed to May

QCOSTARICA - The Banco Central de Costa Rica (BCCR)...

How Latin America Is Faring against Omicron

Q REPORTS (AS/COA) - Omicron has made its unwelcome...

A Look at Costa Rica’s 2022 Elections

QCOSTARICA - With presidential elections around the corner, on...
Paying the bills


With ¢100 million colones received from the Banco de Costa Rica (BCR) for the ‘absorption” of the now extinct Banco Crédito Agrícola de Cartago (Bancrédito) and other financial maneuvering, the Ministerio de Hacienda (Ministry of Finance) announced that it will pay on Wednesday, December 12, the Aguinaldo to the 213,126 public sector workers.

Hacienda will direct deposit on Wednesday ¢208 billion colones to pay the annual bonus.

The Aguinaldo, payable by law to every salaried employee, is the equivalent of an average monthly Gross Salary (that includes overtime, commissions, bonuses, without reductions of social charges or income tax) between December 1, 2017, and November 30, 2018.

- Advertisement -

Want to know how much Aguinaldo you should be receiving? Click here for the Ministry of Labor calcualtor.

Click here for the minimin salaries.

The law sets a limit of December 20, by when every employer must pay the Aguinaldo.

Typically, the central government pays the Aguinaldo in the first week of December. This year, given the state’s problem with cash flow, the payment of the Aguinaldo was delayed. Many, including the deputy minister of Finance, didn’t expect it to be paid before the legal limit of December 20.

There is no withholding applied to the Aguinaldo, with the exception of “pensiones alimentarias” (alimony), which is to be deposited, at the lastest, two days later, that is to say on December 14.

This December retail sales have been lukewarm, retailers cashing in on the Aguinaldo paid by private sector employers.

- Advertisement -

The big ‘cashing in’ will be this week, with a two-punch: the Aguinaldo and the mid-month paycheck (December 15).

Expect malls, big box stores and small retailers to be busy this coming week. And with that traffic congestion.

Happy holidays.

- Advertisement -
Paying the bills
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

The Aguinaldo in Costa Rica is mandatory

RICO's Digest - For North Americans, the concept of a mandatory...

State payroll increased by 100,000 people in 15 years

QCOSTARICA - The State payroll in Costa Rica grew by almost...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.