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Venezuela: A Fiat Invoice is Required for Payment in Cryptocurrency
Summary: Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats like the USD or euros could facilitate tax evasion. Jose David Cabello Rondon, the Superintendent of the National Integrated Tax and ...
Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats like the USD or euros could facilitate tax evasion.
Jose David Cabello Rondon, the Superintendent of the National Integrated Tax and Customs Administration (SENIAT), has taken to Twitter to remind customers that failure to demand bolivar invoices or receipts could help abet tax evasion efforts on the part of unscrupulous merchants.
Cabello tweeted, “Demand a legal invoice in bolivars for any purchase you make, even if you are paying in foreign currency or cryptoassets.”
By Amy Liu
Tags: Cryptocurrency,Fiat,Invoice,Venezuela
Link: Venezuela: A Fiat Invoice is Required for Payment in Cryptocurrency [Copy]
