Increase in Calculation Base of Socialist Cestaticket
Decree No. 3.139, dated November 1, 2017, was published in Official Gazette of the Bolivarian Republic of Venezuela No. 41.269, dated November 1, 2017(the “Decree”). Said Decree adjusts the calculation base for payment of the Socialist Cestaticket (food bonus), for the workers who provide services at the public and private sectors, to thirty-one Tax Units (31 T.U.) per day, at the rate of thirty (30) days per month. A maximum of nine hundred and thirty Tax Units (930 T.U.) per month may be received by the worker, without prejudice to the provisions of article 7 of the Decree with the Status, Value, and Force of Law of Socialist Cestaticket for Workers.
The Decree will become effective on November 1, 2017.
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.”