Venezuela Tax Unit Value Increase Proposed
A proposal for an increase in the Venezuelan tax unit value was submitted to the country's Commission of the National Assembly on 27 January 2016. If approved, the tax unit value would be increased from VEF 150 to VEF 177 for the 2016 fiscal year. The tax unit is used as a reference value for a number of tax matters including determining applicable progressive income tax rates, deductions, pena…
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