The two decrees for the increase in Venezuela's tax unit (unidad tributaria) value and the minimum monthly salary were published in Official Gazette No. 41.387 on 30 April 2018 ({News-2018-05-03/A/3-previous coverage}).

The first decree, Decree No. 3.392, provides that the minimum monthly salary is increased VEF 1 million effective from 15 April 2018. The second decree, Decree No. 3.393, pr…