ADMINISTRATIVE ORDER BY WHICH THE TAX UNIT IS READJUSTED TO BS. 1,500.00

In Official Gazette No. 41,839 of March 13, 2020, Administrative Ruling No. SNAT/2020/00006 (“the Ruling”) issued by the Superintendent of the National Integrated Customs and Tax Administration Service (“SENIAT”) was published. , by means of which the Tax Unit (“U.T.”) was readjusted to one thousand five hundred bolívares (Bs. 1,500.00).

Providence established that the value of the U.T. It may only be used as a Unit of Measurement for the determination of National Taxes whose collection and control are within the competence of SENIAT, and may not be used by other bodies and entities of public power for the determination of labor benefits or special rates and contributions. derived from the services they provide.

The Providence became effective on March 13, 2020.

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