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Venezuela Regulates Changes in Tax Determination for Banks, Financial Institutions, and Insurance Companies

|Approved Changes|Venezuela
Venezuela

On 11 September 2015, Venezuela published Resolution SNAT/2015/0021 in the Official Gazette. The resolution regulates the change included in the tax reform published November 2014 ({News-2015-12-09/A/2- previous coverage}) that inflation adjustment requirements will no longer apply for banks, financial institutions, and insurance and reinsurance companies. In addition, previous losses resulting…

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