Cooperative Associations will be exempt for one year from paying Income Tax, in accordance with Presidential Decree No. 4,976, published through the Official Gazette number 42,939.

The provision refers to “taxable net enrichment from territorial sources, obtained by Cooperative Associations, constituted in accordance with the provisions established in the Decree with Force of Special Law of Cooperative Associations.”

According to the Gazette, Cooperative Associations “must update the Single Registry of Fiscal Information, a procedure for which they must present the current Certificate of Compliance issued by the National Superintendency of Cooperatives.”

They will be subject to the rules of the Decree with Rank, Value and Force of Law of Income Tax, as the case may be, in everything concerning income, costs and deductions of taxable enrichment.

M.Pino

Source: contrapunto

(Reference image source: Unsplash+, in collaboration with Getty Images)

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The price of the official dollar in Venezuela closes this Friday, July 12, at 36.52 bolivars. This is published by the Central Bank of Venezuela, reference for the exchange rate throughout the territory.

The next update will be published by the BCV next Monday, July 15, taking into account that during the weekend there is no session at the exchange desks of the participating banks.

Atención🔵|| El tipo de cambio publicado por el BCV es el promedio ponderado de las operaciones de las mesas de cambio de las instituciones bancarias. Al cierre de la jornada del día Viernes 12-07-2024, los resultados son:#MercadoCambiario #BCV🇻🇪 pic.twitter.com/jxSIYbOddg

— Banco Central de Venezuela (@BCV_ORG_VE) July 12, 2024

M.Pino

Source: Banco Central de Venezuela

(Reference image: BCV, file)

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La entrada Price of the BCV dollar this Friday, July 12 apareció primero en Bitfinance.