VENEZUELA 2019

UK Employee Paid in Fees
11th February 2019
Ireland Social Security and Private Benefit Costs.
15th February 2019

VENEZUELA 2019

There has recently been some renewed interest in Venezuela from potential clients. Perhaps anticipating a change in government. If you look up the EMPLOYER Social Charges for Venezuela you will be told they are 11-13% of salary. But this seriously underestimates the charges applying in Venezuela.They are...

There has recently been some renewed interest in Venezuela from potential clients. Perhaps anticipating a change in government.

If you look up the EMPLOYER Social Charges for Venezuela you will be told they are 11-13% of salary. But this seriously underestimates the charges applying in Venezuela.They are...

  • The usual social charges ...Social security 8.31% RPE (unermployment pay)
  • 1.85% FAOV(Housing Fund) 2.00%
  • BUT ALSO Vacation Bonus (1/2 month's salary this is paid to the employee so I would not normally call it a "social charge" but that is the way they see it in Venezuela. It comes to 4.17%
  • Public Holidays 1.67%
  • "UTILITIES" a mandatory profit share 8.33%
  • Mandatory End of Service payment 4.77%
  • TOTAL Employer Charges ...31.09% (8.31%+1.85%+2%+4.17%+1.67%+8.33%+4.77%).

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