💰About IGTF and Cryptocurrencies

The Partial Reform Law of the Decree with Rank, Value and Force of Law on the Tax on Large Financial Transactions (IGTF) seeks that transactions in foreign currency pay a tax at least equal to that currently paid by debits in Bolivars.

The purpose of this reform is to encourage the use of the Bolivar, making its use more economical in comparison with foreign currencies and, in this way, to support the gradual strengthening of our national currency.

In the next sections you will find information on taxation and cryptocurrencies, including:

• General aspects.

• Exemption from the General Tax on Financial Transactions (IGTF).

• Role of Special Taxpayers as Receiving Agents.

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