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CHAPTER TWO: RULES OF CALCULATION OF SUBSCRIPTIONS - Article 11

Last updated 10/08/2024 17:24 PM

1 - The employer in the private sector must submit to the Committee in January of every year all data regarding the salaries of the workers therefor for the said month as well as their monthly contributions. Furthermore, he must provide the Committee on a monthly basis with any changes occurring with regards to the number of workers therefor or their salaries, and such on forms set by the Committee. Such data must be in conformity with the books and records held by the employer in accordance with the Labor Law.

2 - Should the employer not submit the data set forth in the preceding paragraph within the determined terms, conditions and dates, the payable contributions shall be calculated based on the last statement submitted to the Committee and such until the calculation of the effectively payable contributions.

3 - Should the data not be submitted, should they not be in line with the actual situation, or should there not be any records and documents that must be kept by the employer in accordance with the provisions of the present Law, the calculation of the due contributions shall be made by virtue of a decision issued by the Committee in accordance with the outcomes of the investigations thereof.

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