Increase in the Minimum Salary
Presidential Decree No. 725 was published in Official Gazette No. 40.327 of January 6, 2014. The Decree provides for a 10% increase in the minimum salary as from January 6, 2014, which was established as follows:
After January 6, 2014:
a) Bs. 3,270.30 per month for urban workers of the private and public sectors.
b) Bs. 2,432.10 per month for adolescents and apprentices.
In order to access the Decree, please click here.
“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”