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💰Other Taxes

The Financial Transactions Tax

Another tax that generates taxable events for the use of cryptoassets as a means of payment is the Financial Transactions Tax.

This regulation provides in article 4 the obligated taxpayers, as well as in articles 13 and 24 the corresponding tax rates for the use of cryptoassets as a means of payment for goods and services.

Partial Reform Law of the Decree with Range, Value and Force of Law of the Financial Transactions Tax, published in the Official Gazette of the Bolivarian Republic of Venezuela No. 6.687, on February 25, 2022.

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