ACCOUNTING RECORD OF ECONOMIC EVENTS AND TRANSACTIONS STATED IN CRYPTOASSETS – Dec 26 2019

ACCOUNTING RECORD OF ECONOMIC EVENTS AND TRANSACTIONS STATED IN CRYPTOASSETS   A Ruling that Regulates the Recording in the Accounts of Economic Events and Transactions Stated in Cryptoassets, issued by the National Superintendence of Cryptoassets and Connected Activities (Superintendencia Nacional de Criptoactivos y Actividades Conexas – SUNACRIP) was published in Official Gazette No. 41.788 of…

SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 – Dec 26 2019

SCHEDULE OF NON-SPECIAL TAXPAYERS – ACTIVITIES OF GAMES OF CHANCE 2020 Administrative Ruling No. SNAT/2019/00340 of November 15, 2019, 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. 41.788 of December 26, 2019 (the…

RECORDING OF INFORMATION AND ECONOMIC EVENTS IN SOVEREIGN CRYPTOASSETS – Nov 19 2019

RECORDING OF INFORMATION AND ECONOMIC EVENTS IN SOVEREIGN CRYPTOASSETS Decree No. 4.025 of November 19, 2019, issued by the President of the Republic, was published in Official Gazette No. 41.763 of the same date (the “Decree”). Said Decree imposed on natural and public and private legal persons the obligation to record the information and economic…

VALUE OF UNIT FOR ARITHMETICAL CALCULATION OF MAXIMUM AND MINIMUM THRESHOLD (UCAU) – Oct 22 2019

VALUE OF UNIT FOR ARITHMETICAL CALCULATION OF MAXIMUM AND MINIMUM THRESHOLD (UCAU) Joint Resolution No. 012/2019 and No. 756/2019, issued by the Ministry of the Popular Power for Planning and the Ministry of the Popular Power for Economy and Finance, respectively, was published in Official Gazette No. 41.743 of October 22, 2019 (the “Resolution”). The…

REGIME APPLICABLE TO THE COMMERCIAL CREDITS GRANTED BY BANK INSTITUTIONS – Oct 21 2019

REGIME APPLICABLE TO THE COMMERCIAL CREDITS GRANTED BY BANK INSTITUTIONS   The Venezuelan Central Bank (VCB) issued Resolution No. 19-09-01, which was published in Official Gazette No. 41.742 of 10-21-2019 and entered into force on the second business day following its publication. Said Resolution established that upon the entry into force of the same, the…