Rate of Exchange for Tax Obligations of the Public Sector
Through Official Notice published in Official Gazette No. 41.024 of 11/04/2016, the Venezuelan Central Bank informed that the DIPRO rate of exchange established in Exchange Agreement No. 35 will be applicable to the conversion of foreign currency for the determination of the taxable base of the tax obligations derived from customs operations made by PDVSA and its affiliates, by mixed companies, by the providers of imported supplies for all such companies and, generally, for the determination of the taxable base of the tax obligations of the public sector. The DIPRO rate of exchange will be also applicable to importation made with financing of the bank institutions of the public sector.
In order to access the Official Notice, please click here.