The days your length of service earns, the proportional share if you did not complete the cycle, and the deadline your employer has to pay it.
Private sector governed by the Labour Code
Código de Trabajo art. 198
| From | Days of salary |
|---|---|
| Under 1 year | The share proportional to the time worked in the cycle. |
| 1 to under 3 years | 15 days of salary |
| 3 to under 10 years | 19 days of salary |
| 10 years or more | 21 days of salary |
You ticked that the previous cycle was already collected, so that part is not shown. What remains is what the cycle running since 12 December has accrued. Note: if the bonus you collected was an EARLY payment of the running cycle — the law allows it from 20 October — this figure may be counting days you have already been paid. Neither this calculator nor the MTPS one asks about that.
This is a gross estimate: the figure above carries no deductions. The exempt portion and the taxable base are worked out below; the withholding on that base is not, because no text says which table applies to it.
Which part of the bonus stays outside the tax
The rule that sets the exempt amount: Ley de Impuesto sobre la Renta art. 4 numeral 16), incorporado por el D.L. 458 del 31 de octubre de 2019 (D.O. 215, Tomo 425). With no decree in force for this tax year, numeral 16) of article 4 of the Income Tax Law governs: it exempts the bonus up to two monthly minimum wages of the commerce and services sector and taxes only the excess, after deducting that portion. It is permanent and was never repealed, so there is no vacuum: the annual decrees displace it for one year and expire, and when they expire it applies again.
In each of the last five years the Assembly passed a transitory decree raising the exempt amount for that year alone, the last of them to $1,500 for 2025. Those decrees are passed at the close of the year, and a 2026 one — if it comes — would be expected between late October and early December. Until one exists, the figure above is the permanent floor.
What this page does not calculate: How much is withheld on the taxable base. Neither numeral 16) nor the transitory decrees say which table withholds on the excess of a bonus, and a bonus is not a pay period: applying the monthly table to it would be our reading, not a citation. That is why the exempt portion and the taxable base appear here and the withholding does not.
| Tax year | Exempt amount | Decree |
|---|---|---|
| 2025 | $1,500.00 | D.L. 432 del 15 de octubre de 2025 (D.O. 194, Tomo 449) art. 1 |
| 2024 | $1,500.00 | D.L. 159 del 26 de noviembre de 2024 |
| 2023 | $1,500.00 | D.L. 900 del 29 de noviembre de 2023 |
| 2022 | $1,500.00 | D.L. 596 del 7 de diciembre de 2022 |
| 2021 | $1,100.00 | D.L. 229 del 7 de diciembre de 2021 |
Labour Code article 200, as amended in 2025
Before the 2025 reform the cutoff and the payment window were both 12 December. D.L. 433 moved them: service is read at 20 October and payment runs from 20 October to 20 December each year. Paying after that date is a breach and can be reported to the MTPS.
These figures do not come from a text that says one thing: some come from a reading that is not the only defensible one, others from a value no document fixes. Each is explained.
LOANPILOT BONUS 101
The bonus accrues from 12 December to 11 December, and the complete years you have reached when that cycle closes decide the step: 15, 19 or 21 days of salary. 20 October opens the payment window; it is not the day service is measured.
The bonus is paid in days of salary, and the daily figure is the ordinary monthly salary divided by 30.
Under a year, or where you joined mid-cycle, what is paid is the fraction of the period actually worked.
Payment runs from 20 October to 20 December. After that date there is a breach that can be reported.