On 20 April 2022, the National Integrated Service of Customs and Tax Administration (SENIAT) of Venezuela published Administrative Ruling SNAT/2022/000023 in the Official Gazette, which increases the value of tax units from VES 0.02 to VES 0.40. Tax Unit will only be used as a calculation measure for the payment of national taxes. The tax unit value will be used in the calculation of the payment of national taxes.
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