The dollar price in Venezuela, according to DolarToday, it was operating on Wednesday amid the request of the country’s largest business confederation to defer the tax on foreign exchange transactions.
The dollar stood at 4.57 digital bolivars today from Venezuela’s informal market, from agreements to portal data DolarToday.
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The largest Venezuelan business confederation, Fedecámaras, on Tuesday asked the government of President Nicolás Maduro to defer the application of a tax on foreign exchange transactions that is expected to take effect in March, amid a de facto dollarization.
The National Assembly of Venezuela, with an official majority, approved last week to the Maduro government a reform of the financial transactions law that allows to charge a tax to companies and individuals for their operations as part of a measure that seeks to “strengthen” the local currency, the Bolivar.
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The law has not yet been published in the Official Gazette.
“It is a law that creates a tax that might be up to 20% for the mere fact of making a financial transaction (…) it is a law that brings significant costs,” Fedecámaras president Carlos Fernández said in a press conference, following assuring that they do not question the need of the State to obtain more income but the form.
Fernández asked to defer and discuss the law with the different unions, but did not specify the deadlines.
Since 2016 large banking transactions in local currency pay a tax and now the authorities would seek that operations that are made with foreign currency are also taxed to obtain more income that help the economy under recession, according to economists.
With information from Archyde.com
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