An online tool allows individuals to estimate their mandatory Christmas bonus, a benefit mandated by Costa Rican labor law. This bonus, known as aguinaldo, is equivalent to one month’s salary and is payable to employees in December. For example, an employee who earned a gross monthly salary of 500,000 throughout the year can utilize the aforementioned tool to calculate an estimated aguinaldo payment.
This calculation is crucial for both employees and employers. Employees can plan their finances for the holiday season and ensure they receive the correct amount. Employers can use the calculation to accurately budget for this significant payroll expense. Historically, the aguinaldo has been a vital component of the Costa Rican economy, providing a financial boost during the end-of-year period.
