New Tax Developments in Venezuela

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The January 2019 edition of the Venezuela tax newsletter provides an update on the latest key tax developments in the jurisdiction, including:

• Modification of the rules on printing presses and tax machines for preparing invoices and other documents
• Increase in the large financial transaction tax rate from 1% to 2% from 19 November 2018
• Tax benefits in the new Special Economic Zones of the Palavecino and Iribarren Municipalities in the state of Lara