The oil economist, Rafael Quiroz Serrano, indicated that Venezuela produced 531,000 B / D in May, according to secondary sources related to the Organization of Petroleum Exporting Countries (OPEC), which represents an increase compared to the previous month's figure when reached 486,000 B / D.…
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tax
Janet Yellen seeks the approval of the global fiscal pact
The United States Congress can approve in the spring of 2022 one of the pillars of the global tax agreement agreed within the framework of the OECD and endorsed by the G20 in Venice. This was stated by the US Secretary of the Treasury,…
Kazakhstan to apply new tax to crypto miners in 2022
Kazakhstan's President Kassym-Jomart Tokayev, recently signed a regulatory framework for cryptocurrency miners, which will impose an additional tax for the use of electricity.
According to the new law, these new rates would take effect…
US tax agency may confiscate cryptocurrencies
The US Internal Revenue Service (IRS) could confiscate the cryptocurrency possessions of those with tax debts, according to various government sources.
Through a conference organized by the American Bar Association, the deputy director of…
Biden starts business tax project
The president of the United States, Joe Biden, began the process of increasing taxes on large companies that intends to take them from 21 % to 28 %.
Experts affirm that this plan seeks to "break the race to the bottom" in terms of…
G7 seeks a digital tax agreement
The G7 considered as a "top priority" to reach an international agreement to stop discussions between countries on the taxation of digital giants, following the commitment set by the OECD and the G20 to reach a solution by mid-year, as…
Covid-19 vaccines will be exempt from VAT in Europe
The governments of the European Union approved a modification of the common rules on VAT so that the sale of vaccines and Covid-19 tests may be exempt from paying this tax until December 31st, 2022.
Until now, Member States could apply a…
Government exempts payment of VAT on fuel
Through the Official Gazette number 41.890, the Venezuelan Government announced that the sale of fuel, among other things, will not have the value added tax (VAT).
Specifically, the Executive Exempted the importation tax and the sale of…
Barnier criticizes London for “slowing down” post-Brexit trading
The European negotiator for the new agreement with the United Kingdom, Michel Barnier, criticized London on Friday for "slowing down" the negotiation while rejecting outright the extension of the transition period, which maintains the…
Coinbase debit card adds support for XRP
The cryptocurrency exchange platform based in the city of San Francisco, Coinbase, recently announced that it will include in its debit card Coinbase Card, support for XRP funds, in addition to four cryptocurrencies in Europe and the United…
Republic of Georgia exempts cryptocurrencies from value added tax
The finance minister of Georgia, Nodar Khaduri, approved a bill to regulate the taxation of entities that trade or mine cryptocurrencies. The bill came into effect at the end of June.
The definition of decentralized currency that the bill…
The UBS bank condemned to pay fine for money laundering
The High Court of Paris imposed the sentence requested by the National Financial Prosecutor's Office because apparently the bank created a system of tax evasion that allowed 10,000 million euros to escape from the French treasury between…