News Detail

Officialized the Readjustment of Tax Unit

IN GAZETTE THE READJUSTMENT OF TAX UNIT OF Bs.76,00 TO Bs. 90,00.

The Superintendent of the National Integrated Customs and Tax Administration (SENIAT) in accordance with the provisions of paragraph 15 of Article 121 of the Tax Code, published in the Official Gazette of the Bolivarian Republic of Venezuela No. 37,305, 17th October 2001, and given the favorable opinion of the Permanent Commission of Finance of the National Assembly, dictated the Administrative Decision No. SNAT/2012/0005, dated February 16th, 2012, which was published in Official Gazette 39,866, dated
February 16th, 2012, which circulates this Friday. In which there has been adjusted the Tax Unit of seventy-six bolivars (Bs 76) to ninety bolivars (Bs 90).

In the cases of taxes that are liquidated for annual periods, the Tax Unit will be the one that is in force during at least hundred eighty three (183) continuous days of the respective period. For the taxes that are liquidated for periods different from the annual one, the Tax Unit will be the one that is in force for the beginning of the period, everything in accordance to that established in the Third Paragraph of Article 3 of the Organic Tributary Code.

With the increase of the Tax Unit, consequently, increases the cost of all the stamps, airport fees, fines, food tickets and all sort of legal obligations that takes the Tax Unit as a reference.

Also, it is important to bear in mind that the payment of the Income Tax caused during the 2.011 fiscal year, that can be paid until March 31st, 2.012, will take as reference the Tax Unit of Seventy-Six Bolivars (Bs. 76,00).