What is Bono 14?
Bono 14 is a mandatory labor benefit in Guatemala established by Decree 42-92. It requires employers to pay an additional monthly salary to all employees, in both public and private sectors.
How is it calculated?
Bono 14 Formula
Bono 14 = (Monthly salary × Months worked) ÷ 12
Calculation period
- Start: July 1 of the previous year
- End: June 30 of the current year
- Payment deadline: Before July 15
Tax Exempt
Bono 14 is exempt from income tax (ISR) under Guatemalan law.
Proportional Bono 14
If you haven't worked the full 12 months of the period, you receive a proportional Bono 14. For example, 6 months worked = half your monthly salary.