Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Free Newsletter Sign Up

Venezuela Tax Revenue in 2020 Reached $462M: Seniat

Jan. 4, 2021, 6:15 PM

Venezuela’s total tax collection reached 512 trillion bolivars in 2020, or around $462.4 million at the official exchange rate, Seniat tax agency head Jose David Cabello said on Twitter.

  • Total tax collection in 2019 was around $410 million
  • Venezuela collected 166.4 trillion bolivars in taxes in December, or $150.3 million at the official exchange rate
    • Of the monthly total, 20.1 trillion bolivars came from income tax ($18.2 million) and 77.5 trillion bolivars ($70 million) from value-added tax
    • Customs taxes reached 24 trillion bolivars ($21.6 million) while other taxes added up to 44.7 trillion bolivars ($40.5 million)
  • NOTE: Venezuela’s government ...