Venezuela has increased the tax unit (Unidad Tributaria - TU) value from VES (Bs.) 9.00 to VES (Bs.) 43.00. The increase is provided by Administrative Ruling No. SNAT/2025/000048, which was published in the Official Gazette on 2 June 2025 and is in force from that date. The tax unit value is used for various tax purposes, including the corporate income tax brackets and individual income tax bra…