The calculation of the mandatory Christmas bonus in Costa Rica, often referred to as the “aguinaldo,” is based on the total gross salary earned by an employee during the preceding twelve-month period, spanning from December 1st to November 30th. To determine the aguinaldo amount, the total gross earnings are summed and then divided by twelve. This calculation includes regular salary, overtime pay, commissions, and any other form of taxable income. For example, if an employee earned a total of 12,000,000 in gross income during the year, their aguinaldo would be 1,000,000.
This mandatory bonus serves as a vital economic stimulus, particularly during the holiday season, providing a financial boost to individuals and families. Its historical significance dates back to its establishment as a legal right for workers, aiming to improve their living standards and provide additional financial security. The existence of this legally mandated benefit promotes economic activity and helps distribute wealth more equitably within the Costa Rican society. The legal framework surrounding this benefit provides protection for workers, ensuring they receive their entitled compensation.
