Express
Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions
Summary: The Venezuelan government has approved a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency. The tax establishes that any transactions or payments made in foreign currencies or cryptocurrencies, without a limit quantity, will have to pay up to 20% over each movement, depending on the nature of it and ...
The Venezuelan government has approved a new tax that will affect transactions and payments made with cryptocurrencies and foreign currency. The tax establishes that any transactions or payments made in foreign currencies or cryptocurrencies, without a limit quantity, will have to pay up to 20% over each movement, depending on the nature of it and the companies or persons making them. The tax seeks to incentivize the use of the national currency.
By Amy Liu
Tags: Cryptocurrency,Tax,Venezuelan
Link: Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions [Copy]
