Adjustment of the Minimum Integral Income in Venezuela.

The month of May 2026 began without changes in the base salary in Venezuela, which remains in Bs.130 (approximately 27 cents) since March 2022. Through an official announcement by the national executive, a new "comprehensive minimum income" scheme set in the US was established.$ 240 per month for active public sector workers.

This amount is entirely composed of concepts that the administration catalogues as non-wage:

• Economic War Bonus:US$ 200.
• Food Bonus: US$ 40 indexed.

Implications:

• Impact on Salary Benefits: As bonds of a non-wage nature, these amounts do not impact on the calculation of social benefits, profits and holidays.
• Private sector: The government called on the private sector to ensure that its workers also reach a total minimum income of US$ 240 per month, through non-wage bonds (may include those already granted).

Fiscal impact:

• Parafiscal contributions:Because the increase was made via bond delivery, in principle the increase would not impact on the calculation of contributions to IVSS, INCES and FAOV.
• Special contribution for pensions:Although the increase in the total wage is related to the public sector, with the increase in the total income, the calculation base is increased for the 9% contribution that private companies must make on the total payments made to workers.
• Income tax: The expenditure on taxes and bonds paid to workers is deductible for income tax.