The Venezuelan government has approved a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency.
Approved by the National Assembly of the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro.a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency.
The percentage to be paid will be established by the national government after the official publication of the law, but in its first application, it will collect 2.5% on these payments.The inclusion of cryptocurrencies in this law is a recognition of the importance of this kind of currency and the volume that is moved in the country in regard to transactions and payments. This is the opinion of Aaron Olmos, a national economist.
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