Maduro announced new economic measures

The president of Venezuela, Nicolás Maduro, released a series of economic announcements that will seek to combat the situation generated by the coronavirus.

From the Miraflores Palace, in Caracas, the national president indicated that some 15,100,000 card holders of the Patria Platform will receive financial support from the government.

On the other hand, Maduro confirmed the extension until September this year of the prohibition on the collection of credit guarantees, credit reclassification, forced eviction, as well as other measures that seek to protect Venezuelan entrepreneurs.

He added that the new microenterprises will not pay tax rates either in the Autonomous Service of Registries and Notaries (Saren) or in the registry.

“New micro and small businesses that are created in 2021 will not pay Income Tax (ISLR in Spanish) until December 31, 2021, as long as they declare their income.”

He added that the Stay at Home support bonus to private companies for 2,100,000 workers is resumed as of April and announced the deposit of a bonus for self-employed workers during the month of April that is called Radical Quarantine which will support 4,000 workers.

Maduro also highlighted that natural persons who are registered in the Patria Platform for the payment of water and electricity services will receive a 25 % discount on the bills payment during the months of April and May.

K. Tovar

Source: Últimas Noticias