What is Prima vacacional?
The prima vacacional (vacation premium) is a statutory benefit: in addition to the salary for vacation days, the worker receives a premium of at least 25% on those days.
With the 'Vacaciones Dignas' (Dignified Vacations) reform, since 2023 the minimum vacation is 12 days in the first year and increases with seniority, which also increases the premium.
In practice
If a worker is entitled to 12 vacation days and their daily salary is $700, the minimum vacation premium is 25% of $8,400 = $2,100.