Venezuela’s National Assembly approved a tax on some dollar transactions within the country as part of a reform of the law on large transactions, according to images broadcast on state TV.
- Law sets a 2.5% tax on transactions between dollar-denominated accounts in local banks
- Govt can increase the tax up to 8%
- Lawmakers also approved a 2.5% tax on cash transactions in foreign currency involving a so-called special taxpayer
- Transactions in cryptocurrencies other than the government’s petro will be taxed at 2.5%
- Govt can increase this tax up to 20%
- NOTE: Nov. 16,
Venezuela Retail Sales in FX Drop to ...
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