Browse through brief employment and labor law updates from around the globe. Contact a Littler attorney for more information or view our global locations.

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Deadline to Declare Income Tax Extended until May 15, 2024

Legal Compliance

Author: Daniela Arevalo, Associate – Littler

An administrative ruling by the National Integrated Customs and Tax Administration Service (SENIAT) on February 26, 2024, extends the deadline for natural and legal persons not qualified as special taxpayers to make the final declaration and payment of Income Tax for the fiscal year 2023. The original deadline was March 31, 2024, but the ruling extends it to May 15, 2024.

Administrative Ruling SNAT/2024/000018 was published in Official Gazette 42-826 on February 26, 2024.

Presidential Elections Set in Venezuela

Precedential Decision by Judiciary or Regulatory Agency

Author: Gabriela Arevalo, Associate – Littler

The National Electoral Council announced on March 4, 2024, that presidential elections in Venezuela will be held on July 28, 2024. National and international electoral registrations will take place from March 18 to April 16; the presentation of applications will occur from March 21 to March 25. The electoral campaign will be held between July 4 and 25.

Ruling Requiring Company to Adjust Cestaticket Amount

Precedential Decision by Judiciary or Regulatory Agency

Author: Gabriela Arevalo, Associate – Littler

On March 15, 2024, the National Labor Inspectorate issued an administrative decision, requiring a private company to adjust the amount of the Cestaticket paid in Bolivars to the exchange rate published by the Central Bank of Venezuela. According to the Inspectorate, the adjustment is meant to protect the purchasing power of workers.

Although the Cestaticket was originally fixed at VES 1,000 by Presidential Decree N° 4.805 on May 1, 2023, the Inspectorate now requires the employer to pay the equivalent of $40 monthly at the official exchange rate.

This decision could potentially apply to all private organizations.

IVSS Verifying Compliance with Social Security Laws

Legal Compliance

Author: Daniela Arevalo, Associate – Littler

During the first quarter of 2024, the Venezuelan Institute of Social Security (IVSS) conducted inspections to ensure employers were providing documents as required by Providence No. 003. The Providence requires both public and private companies to display and present documents to the IVSS. Employers must display, in a visible location, form 14-01 (employer identification), form 14-02 (insured registration), form 14-03 (worker Withdrawal Participation), form 14-133 (payment agreements), among others.

Non-compliance can result in fines ranging from 25 to 100 Tax Units. Additionally, non-compliance can also lead to the revocation of the employer's labor solvency.

Providence No. 003 was published in the Official Gazette of the Bolivarian Republic of Venezuela No. 39,788, dated October 28, 2011.