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The Tax Unit ("TU") is a referential value created by the Organic Tax Code in 1994 to update tax bases, fees, fines and similar tax concepts according to the annual inflation. The National Integrated Service of Customs and Tax Administration (the "Revenue Service"), upon approval of the Permanent Commission of Finance of the National Legislative Assembly, must adjust the TU based on the variation of the National Consumer Price Index published by the Central Bank of Venezuela for the prior year.

Despite the Organic Tax Code establishes the adjustment of the TU annually, the Revenue Service has adjusted the TU four times in nine months of 2018, without the National Legislative Assembly's approval.  In less than six months, in 2019 the Revenue Service adjusted once again the TU value to 50 Sovereign Bolivars ("VES"), and, like in the past, without the National Legislative Assembly's approval

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