OrbitaxOrbitax

Venezuela Introduces New Special Contribution to Protect Social Security Pensions

|Approved Changes|Venezuela
Venezuela

Venezuela reportedly published the Law for the Protection of Social Security Pensions in the Official Gazette on 8 May 2024. The Law provides for the introduction of a new special contribution that applies at rates of up to 15% on total salary and non-salary bonuses paid to employees by all companies carrying out economic activities in Venezuela, whether domiciled or not in the country. The app…

Continue Reading