Venezuela raises VAT to 16%
- Aug 21, 2018 | Richard Asquith
Venezuela has introduced an emergency 4% VAT rise to 16% from 1 September 2018. The hike will be temporary until 31 December 2019.
The country is experiencing hyperinflation, and its currency, Bolivar, was devalued by 96% this week.
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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara