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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Payment of profits will be inspected by Ministry

Posted On 15 Apr 2014

Utilidades-pago-CarrascoMinister for Employment Relations, Carlos Marx Carrasco, said yesterday during an interview on a local media, that today, April 15 is the deadline for the payment of utilities that companies should do to workers, so it will be verified this is  met.

The Labour Code provides that the delay in the deposit of profits is sanctioned `with the double of the not deposited amount.´ In addition, it includes the penalty for misrepresentation of utilities which is punishable by ten to twenty minimum salaries.

Carrasco said that the legalization of the utilities payment will be performed via internet based on the ninth digit of the Taxpayer Registration.

Regard to businesses which are declared with zero profitability for three years, Carrasco said this financial situation will be verified, `because it can not be understood how a company which is supposed bankruptcy, remains in force.`

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