Venezuela Payroll
Mariana Pinzon
Agenda
- LOTTT
- Caja de ahorros
- ARI
- Vacations
- Profit sharing
- Geographical coefficient
- Housing
- Social security
- Cestaticket
- USD Payments
- Payslip
LOTTT
(Ley orgánica del trabajo)
Promote decent working conditions
Guarantee job stability
Protect worker´s rights
Caja de ahorros
- Promote Savings
- HC Employees in Venezuela
- EE Contributions (8%, 10%, 12.5%)
- ER Contributions (10.2%, 11.5%, 13.13%
- Base Salary + Geographical Coefficient
ARI
Tax update that must be done every three monts (ISRL) is mandatory in Venezuela
Vacations
22 Days of vacation
+1 Day after the ninth year
Vacation bonus (40 days)
Profit sharing
33.33%
It is an off cycle where we process a legal payment
Geographical coefficient
Housing
Housing rent assistance for employees in G11 & G12
Social Security
RPVH
SSO
RPE
Regimen prestacional de vivienda y hábitat
Seguro social obligatorio
Regimen prestacional de empleo
- Covers health, maternity, disability, old age, and death
- Grants access to medical services and pensions
- 4% In SLB
- Managing IVSS
- Provides support in case of involuntary unemployment
- Contributions: Employer 2%, Employee 0.5%
- Supports access to decent housing for workers
- Employee 1%, employer 2%
- Managing Entity: BANAVIH (Banco nacional de vivienda y hábitat)
Cestaticket
1000 VES
Per month
4030
100% Payments
USD Payments
4535
100% Payments
Payments made to employees in U.S dollars at different percentages Exchange rate 0.0035
1G99
100% Discount
4761
10% Payments
4771
5% Payments
Payslip
¡THANK YOU!
Super!
We love data
10%
Different Field bonuses paid at 10%
Example:
Employee from Maturin
% For Maturin: 15% CAP: 18.49 Manual calculation= 15%*18.49 Manual calculation= 2.77 VES
Fixed Bonus
Payment agreed with the employee at the time of hiring at 100%
5%
Housing and geographical coefficient are paid at 5%
100%
Payments such as PIP are included in this wage type
100%
100% Medical insurance deduction
Venezuela Payroll
Mariana Pinzon Fonseca
Created on October 8, 2025
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Transcript
Venezuela Payroll
Mariana Pinzon
Agenda
LOTTT
(Ley orgánica del trabajo)
Promote decent working conditions
Guarantee job stability
Protect worker´s rights
Caja de ahorros
ARI
Tax update that must be done every three monts (ISRL) is mandatory in Venezuela
Vacations
22 Days of vacation
+1 Day after the ninth year
Vacation bonus (40 days)
Profit sharing
33.33%
It is an off cycle where we process a legal payment
Geographical coefficient
Housing
Housing rent assistance for employees in G11 & G12
Social Security
RPVH
SSO
RPE
Regimen prestacional de vivienda y hábitat
Seguro social obligatorio
Regimen prestacional de empleo
Cestaticket
1000 VES
Per month
4030
100% Payments
USD Payments
4535
100% Payments
Payments made to employees in U.S dollars at different percentages Exchange rate 0.0035
1G99
100% Discount
4761
10% Payments
4771
5% Payments
Payslip
¡THANK YOU!
Super!
We love data
10%
Different Field bonuses paid at 10%
Example:
Employee from Maturin
% For Maturin: 15% CAP: 18.49 Manual calculation= 15%*18.49 Manual calculation= 2.77 VES
Fixed Bonus
Payment agreed with the employee at the time of hiring at 100%
5%
Housing and geographical coefficient are paid at 5%
100%
Payments such as PIP are included in this wage type
100%
100% Medical insurance deduction