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Law of Partial Amendment to the Law on Nourishment for Workers

Decree No. 1,393 was published in Official Gazette Extraordinary No. 6,147 of November 17, 2014.  Through said Decree, the Decree with the Status, Value, and Force of Law of Partial Amendment to the Law on Nourishment for Workers was issued.

 

Articles 5° and 7° were amended and a Sole Temporary Provision was included.

 

The amendments made to the Decree are basically the following:

 

If the work entity grants the workers the benefit of nourishment through the delivery of coupons, tickets or electronic cards, it will provide one coupon or ticket, or one charge for the electronic card per each work day, the value of which may not be lower than 0.50 Tax Units or higher than 0.75 Tax Units. The foregoing limits apply when the benefit of nourishment is delivered in cash or its equivalent. 

 

The monthly provision of the benefit in coupons, tickets or meal cards, or in cash or its equivalent, must not exceed forty percent (40%) of the amount resulting from adding to the monthly salary of the relevant worker the value of the coupons, tickets or electronic cards, or cash or its equivalent received by the worker in the relevant monthly period. Special situations that may be prescribed in collective bargaining agreements or collective employment agreements are excepted.

 

The Sole Temporary Provision orders that as from 12/01/2014, the work entities increase the value of the benefit of nourishment received by the workers by 11/30/2014 in accordance with the following rules:

 

a) When the value of the benefit being received ranges from 0.25 Tax Units to 0.50 Tax Units, the benefit received will be adjusted in a linear manner by 0.25 Tax Units

b) When the value of the benefit being received is higher than 0.50 Tax Units but lower than 0.75 Tax Units, it will be adjusted to the higher limit of 0.75 Tax Units.

 

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."