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2% rate for the Tax on Large Financial Transactions

Decree No. 3.654 of  November 8, 2018, issued by the President of the Republic,  was published in Official Gazette  No. 41.520 of November 8, 2018 (the “Decree”). The Decree fixed at 2% the rate of the Tax on Large Financial Transactions.

 

The Decree will become effective on the business day following the elapsing of 10 calendar days after the date of its publication in the Official Gazette.

 

In order to access the Decree, please click here.

 

“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”