Administrative Ruling that readjusts the Tax Unit to Bs. 850,00
Administrative Ruling SNAT/2018/0028, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – “SENIAT”), was published in Official Gazette No. 41.388 of May 2, 2018. Said Ruling readjusted the Tax Unit (T.U.) from five hundred Bolivars (Bs. 500.00) to eight hundred and fifty Bolivars (Bs. 850.00).
The Administrative Ruling established that in the cases of taxes paid in annual periods, the applicable T.U. will be the one in effect during at least 183 calendar days of the relevant period and in the cases of taxes that are paid in periods other than annual periods, the applicable T.U. will be the one in effect at the beginning of the period, as per Paragraph Third of article 3 of the Organic Tax Code.
The Administrative Ruling became effective on May 1, 2018.
In order to access the Administrative Ruling, please click here.
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