Venezuela: Adjustment to tax unit value
SENIAT adjusts Venezuela's tax unit value from 9 to 43 bolívares effective June 2, 2025.
The National Integrated Customs and Tax Administration Service (SENIAT) on June 2, 2025, issued Administrative Ruling No. SNAT/2025/000048, adjusting the value of the tax unit from 9 bolívares (Bs. 9.00) to 43 bolívares (Bs. 43.00). The tax unit is a measure used for determining national taxes under SENIAT's jurisdiction.
For annual taxes, the applicable unit is the one in force at the fiscal year's end, while for other periods, it is the unit in force at the period's start.
The adjustment took effect on June 2, 2025.
For more information, contact a KPMG tax professional in Venezuela:
Alessandra Montagna | amontagna@kpmg.com
Alejandro Gomez | adgomez@kpmg.com