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Tax Unit

The National Integrated Service of Customs and Tax Administration (“SENIAT”) issued Ruling No. SNAT/2014/0008, whereby the Tax Unit is readjusted from Bs. 107.00 to Bs. 127.00.  Likewise, it established that in the cases of taxes paid in annual periods, the applicable tax unit will be the one in effect during at least one hundred and eighty-three (183) calendar days of the relevant period and in the case of taxes paid in periods other than annual periods, the applicable tax unit will be the one in effect at the beginning of the period, all in agreement with the provision of Paragraph Third of article 3 of the Organic Tax Code.

 

The Ruling was published in Official Gazette No. 40,359 of February 19, 2014.

 

In order to access the Ruling, 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.”