This component contains the functions and processes that enable you to run the payroll for Venezuela in accordance with current legislation and provisions at all times.

Special consideration is given to the features specific to Venezuela, as well as the international processes applicable to all countries.

These functions and processes generally contain the following steps:

• Wage and salary generation
• Calculation of employee and company contributions to: Income Tax (ISLR), Social Insurance, Housing Policy Act (LPH), INCE
• Generation of other payments: Vacations, Severance Payments, interest on Severance Payments, Profit Share