Travieso Evans Arria Rengel & Paz

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Increase in Minimum Salary

Presidential Decree No. 2.429, dated August 12, 2016, was published in Official Gazette  No. 40.965 of the same date. Through said Decree the national minimum salary was increased 50%. The increase will enter into effect as from September 1, 2016, and the minimum salary as from said date will be as follows:

 

a) Bs. 22.576,73 per month for workers of the private and public sectors.

 

b) Bs. 16.789,92 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