Taxation in Venezuela - Taxation: News & Information

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“Sin Tax” Collections Down in Philippines

Collections of the so-called “sin taxes” levied on “sinful” products, such as cigarettes and alcohol, dropped in 2011, leading to calls for a reform of the excise tax system.

“Sin Tax” CollectionIndia Delays Tax Changes

India will aim to boost the confidence of international entrepreneurs investing in India by delaying the implementation of new anti-avoidance rules and reducing withholding taxes and excise duties.

ID Thieves in USA Steal $26 Mil of Refunds

More than 600 000 US taxpayers were victims of identity tax fraud in 2011, and the IRS does not have the capabilities to adequately detect and prevent such offenses.

One Third of Taxes in Australia to Fund Welfare System

Almost AUD 100 from the tax payments made every week by an average Australian will now go directly to funding national welfare programs to subsidies low income families.

US Considers Business Tax Reforms

The Obama administration has proposed a major update of the corporate tax rules in the USA, which would broaden the base for corporate taxes, simplify compliance, reduce the corporate tax rate, and encourage a greater level growth in the country’s manufacturing sector.

Apr 26, 20110

Venezuelan Oil Taxes to Reach up to 95%

Categories: Taxation in Venezuela

In the face of rising political turmoil in the Middle East, the price of oil has been rocketing upwards, and the President of Venezuela Hugo Chavez is stepping forward to take advantage of the situation by raising the windfall tax on oil exports. Over the weekend Hugo Chavez made an on-air phone call to a national political show, broadcast on Venezuelan television, in which he announced that a new regulation would be passed to significantly hike the windfall tax on oil exported from ... Read More