Taxes range from 2% to 20% for operations in currencies other than the Bolivar. The final rate will be set by the Executive.
The legislation establishes that the tax will be from 0% to 2% for transactions executed in bolívares. From 2% to 8%, for those made in currencies or crypto assets not issued by the State (the petro), within the national banking system. And from 2% to 20% for operations carried out in dollars or cryptocurrencies outside the Venezuelan banking system.
Venezuela has already had legislation on cryptocurrencies for two years, which regulates the holding of these assets, including the token created by the Maduro government, the petro.
In that standard, at least four main aspects concern cryptocurrencies, such as their recognition, the bases for their measurement, their presentation and the information that must be disclosed in the financial and accounting statements, Criptonoticias reported.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
