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Venezuela Provides Individual Income Tax Exemption for 2019 in Response to COVID-19

|Approved Changes|Venezuela
Venezuela

Venezuela reportedly published Decree No. 4,171 in the Official Gazette on 2 April 2020, which provides an individual income tax exemption in response to COVID-19. The exemption applies for taxpayers whose gross Venezuelan source income did not exceed VES 450,000 in the 2019 fiscal year. For taxpayers that have already filed their returns and paid income tax for the 2019 fiscal year, an ordinar…

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