News Alerts

Minimum monthly income increased as from July
July 1, 2024


As informed in our news alert dated April 27th, 2023, and according to Law No. 21,578, as of July 1st, 2024, the minimum monthly income for employees over 18 years old and up to 65 years old is $500,000. Thus, this is the amount to be considered in the remuneration processes from July for the purposes of the payment of the minimum monthly income and the calculation of the profit-sharing (if the latter is paid on a monthly basis).



AUTHORS: Óscar Aitken, Francisca Corti, Francisco Arce, Valentina Kuscevic.



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