FGTS (08/2021)
Mon, Sep 06
|SP Accounting Advice
What is FGTS? The Severance Indemnity Fund (FGTS) was created with the aim of protecting workers dismissed without just cause, by opening an account linked to the employment contract.
Horário e local
Sep 06, 2021, 12:01 AM
SP Accounting Advice, Rua Barão de Itapetininga, 221 - República, São Paulo - SP, Brazil
Sobre o evento
At the beginning of each month, employers deposit into accounts opened at Caixa, on behalf of employees, the amount corresponding to 8% of each employee's salary.
The FGTS consists of the total of these monthly deposits and the amounts belong to employees who, in some situations, may dispose of the total amount deposited in their names.
Who has the right?
Every Brazilian worker with a formal employment contract, governed by the Consolidation of Labor Laws (CLT), as well as domestic, rural, temporary, intermittent, single workers, harvesters (rural workers who work only during the harvest period) and professional athletes are entitled to FGTS. The non-employee director may be included in the FGTS regime, at the discretion of the employer.