Venezuelan government approves new taxes on cryptocurrency and foreign currency transactions

time:2022-02-06 02:30 source:Internet

The Venezuelan government has approved a new tax policy that will affect transactions in foreign currencies and cryptocurrencies. Approved by the country's National Assembly, the tax policy, dubbed "large financial transactions," will impose a tax of up to 20 percent on transactions made in currencies other than the state's legal tender or petro.

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