🇻🇪 South America

Venezuela

Salary, tax, minimum wage and employer cost data.

CurrencyVES (Bs)

VAT16%

Fiscal yearJan-Dec

Pay cycleMonthly

Employee rate4.0%

Employer rate15.0%

Minimum wage in Venezuela

Monthly grossBs 130

Monthly net (est.)Bs 110

Hourly grossBs 0.77

Annual grossBs 1,560

Annual net (est.)Bs 1,320

Minimum wage is very low due to hyperinflation. Most workers depend on bonuses.

Gross annualBs 5,400

Net monthlyBs 350

6% to 34% progressive

Country

Status

Direction

Amount

Period

Hours/mo