Venezuela's tax administration (SENIAT) has announced an increase of the tax unit (Unidad Tributaria - TU) value from VES (Bs.) 0.02 to VES (Bs.) 0.40. The increase is provided by Administrative Ruling SNAT/2022/000023, which was published in the Official Gazette on 20 April 2022 and is generally in force from that date. The tax unit value change takes into account the change in the valuation …