According to the regulator, the new monthly tax ceiling for calculating mandatory contributions from the AFP system, legislation on health and accidents at work amounts to 79.2 UF, while unemployment insurance will be 118.9 UF. They will be applied from March on the salaries corresponding to February 2019.
Internal Pension Supervision (SP) announced on Tuesday that as of February 1, the new monthly tax ceiling for calculating mandatory contributions from the AFP system, health and work-related accidents amounted to UF 79.2 from $ 2,180,000.
On the other hand, the monthly taxable cap to be taken into account for the calculation of unemployment insurance contributions will be 118.9 UF (about $ 3270,000).
The current legislation states that both values need to be adjusted annually when the real salary index reported by the National Institute of Statistics (INE) has recorded positive changes.
According to the regulator, the adjustment of the tax ceilings for this year corresponds to the use of the change in this index between November 2017 and November 2018.
By means of Regular Letter No 167 of 7 February 2019, INE informed that the change was 1.2%, which differed from the preliminary figure recorded in January, forcing the SP to recalculate the limits. taxable persons to apply for a payment in installments.
In this way, Super Pension reports that the new tax ceilings will apply from the payment of pension contributions corresponding to the salaries of February 2019 that have to be paid by March 11 this year which extends to 13 of the same month if the operation is done electronically.