Tax reform of the “equity tax” on high net worth taxpayers law and its regulations (related to the valuation of property and rights, as well as the requirements and formalities to declare and pay the tax)

 

In the Venezuelan Official Gazette No. 41,696, dated August 16th, 2019, was published a tax reform of the Equity Tax on High Net Worth Taxpayers Law, which was formerly enacted on July 3, 2019.

 

Also, in the Official Gazette No. 41,697, dated August 19th, 2019, an Administrative Providence (AP) was issued by SENIAT, regarding special rules for the valuation of assets to be declared, as well as the requirements and formalities to declare and pay the tax.