Adjustment of Socialist Cestaticket
Decree No. 2.308 was published in Official Gazette of the Bolivarian Republic of Venezuela No. 40.893 of April 29, 2016. Said Decree adjusts the payment of the Socialist Cestaticket (food bonus), for the workers who provide services at the public and private sectors, to three point five Tax Units (3,5 T.U.) per day, at the rate of thirty (30) days per month. A maximum of up to the equivalent to one hundred and five Tax Units (105 T.U.) per month may be received, without prejudice to the provision of article 7 of the Decree with the Status, Value, and Force of Law of the Socialist Cestaticket for Workers.
The Decree will enter into effect on May 1, 2016.
In order to access Decree No. 2.308, 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.”