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Venezuela Increases Financial Transactions Tax to 2%

|Approved Changes|Venezuela
Venezuela

Venezuela has published Decree No. 3.654 of 8 November 2018 in the Official Gazette. The decree provides for an increase in the tax on large financial transactions from 1% to 2% effective 19 November 2018. The tax was recently amended from a set rate of 0.75% to a rate range of 0% to 2% and set at 1% from September 2018.

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