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Labor Laws in Venezuela

  • Annual Leave: 15 days
  • Maternity Leave: 26 weeks
  • Public Holidays: 16
  • Workweek: 40 hours per week.

Income Tax in Venezuela

Venezuela has a progressive income tax with rates between 6% to 34%.

Value Added Tax (VAT) in Venezuela

    The standard VAT rate is 16%.

Social Security in Venezuela

In Venezuela, social security contributions are mandatory for employers and employees, covering various benefits such as retirement, health insurance, and unemployment insurance.

Employer Contributions

  • Mandatory Social Security Contribution:
    • Rate: 9% / 10% / 11% (depending on the company's risk classification)
    • Basis: Wages (up to five minimum salaries for urban workers)
  • Employment Benefit Regime Contribution:
    • Rate: 2%
    • Basis: Wages (up to ten minimum salaries for urban workers)
  • Housing Regime Contribution:
    • Rate: 2%
  • Basis: Total monthly salary
  • Employee Training Contribution (INCES):
    • Rate: 2%
    • Basis: Total salaries paid by the employer
  • Workplace Prevention Contribution (LOPCYMAT):
    • Rate: 0.75% to 10% (depending on risk classification)
    • Basis: Total salaries paid to employees

Employee Contributions

  • Mandatory Social Security Contribution:
    • Rate: 4%
    • Basis: Wages (up to five minimum salaries for urban workers)
  • Employment Benefit Regime Contribution:
    • Rate: 0.5%
    • Basis: Wages (up to ten minimum salaries for urban workers)
  • Housing Regime Contribution:
    • Rate: 1%
    • Basis: Total monthly salary
  • Employee Training Contribution (INCES):
    • Rate: 0.5%
    • Basis: Total salaries paid by the employer

Work Visas in Venezuela

Here are the main work visas available in Venezuela:

TR-N Visa (Business Visa)

  • Purpose: This visa is required for individuals entering Venezuela to conduct business activities.
  • Validity: Generally granted for one year.
  • Duration of Stay: Allows stays of up to 180 days, which can be continuous or cumulative within the validity of the visa.

TR-L Visa (Work Authorization Visa)

  • Purpose: This is the primary work authorization for foreign nationals.
  • Validity: Valid for one year with the possibility of indefinite extensions.
  • Duration of Stay: Allows foreign workers to reside and work in Venezuela.
  • Application Process: Requires prior approval of a work permit from the Ministry of Labor. The application must be submitted by the employer on behalf of the foreign worker.
  • Minimum Salary Requirement: There is a minimum salary requirement that changes annually.

90-Day TR-L Visa (Short-Term Work Visa)

  • Purpose: Used for short-term workers on home payroll.
  • Validity: Generally granted for one year.
  • Validity: Permits work for a maximum of 90 days.

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