Travieso Evans Arria Rengel & Paz

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Increase in Calculation Base of Socialist Cestaticket

Decree No. 2.967, dated July 2, 2017, was published in Official Gazette of the Bolivarian Republic of Venezuela No. 6.313 Extraordinary, dated July 2, 2017. 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 seventeen Tax Units (17 T.U.) per day, at the rate of thirty (30) days per month. A maximum of five hundred and ten Tax Units (510 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

 

The Decree will become effective on July 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.”