Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 7/10/2014

Venezuela - Courts address taxation of net assets, professional services 

July 10:  Court and tribunals in Venezuela earlier in 2014 considered issues relating to the following:
  • A tax court in Caracas considered the exclusion of accounts receivable in relation to shareholders, administrators, affiliates, and subsidiaries and other companies related to the readjustment of net assets under the wealth tax (patrimonio).
  • A tribunal court declared as unconstitutional the tax treatment of professional services (servicios profesionales) under the economic activity tax (Impuesto sobre Actividades Económicas) of a locality in the state of Bolívar.

Read a June 2014 report (Spanish) prepared by the KPMG member firm in Venezuela: Boletín Jurídico Tributario - junio 2014




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