Fedecámaras requests that the Pension Law be accompanied by incentives for companies

Adan Celis, president of Fedecámaras / Photo: El Universal

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Adan Celis, president of Fedecámaras / Photo: El Universal

According to the president of Fedecamaras Adán Celis, the approval of the Law on the Protection of Social Security Pensions should be accompanied by an incentive for the business sector.

This was stated in an interview on Tuesday on Roman Lozinski’s program on Éxitos 99.9 FM.

Celis warned that More than 50% of a company’s profits go to taxes. He insisted that the major problem with pensions comes from the remuneration structure in Venezuela, which should be discussed by all parties.

Although he indicated that the approval of the 9% rate on the minimum comprehensive income, taking US$130 as the base for each employee of private sector companies, will make it possible to improve workers’ income, warns that there isEconomic and legal considerations that influence and affect the operation of the national private sectorl, which were presented in due time to the respective authorities of the National Executive.

He stressed that in the negotiations to determine the rate It was said to be 6% and then it reached 9%“We are not happy with paying more taxes, but at least this goes to our old people and gives us encouragement to continue contributing,” he added.

The president of Fedecámaras called for reconsideration of the Tax on Large Financial Transactions, VAT, reconsideration of the remuneration model and promotion of a fundamental reform of the Social Security system.