Venezuela’s Maduro Decrees 9% Tax on Companies for Pension Fund
- Decree replaces law that established a higher tax on companies
- Companies in national registry may get temporary exemption
Nicolas Maduro
Photographer: Gaby Oraa/BloombergThis article is for subscribers only.
Venezuelan President Nicolas Maduro issued a decree setting a 9% tax on private companies for the creation of a state-run pension fund.
Earlier this month, the government-controlled National Assembly passed a law allowing a levy of up to 15%. The decree goes into effect immediately.