Venezuela increased the Tax Unit value
The Tax Unit in Venezuela increased from 9 to 43 bolivars, according to Official Gazette No. 43,140, dated June 2, 2025, which appears on the web page of the National Integrated Service of Customs and Tax Administration
The National Integrated Service of Customs and Tax Administration (Seniat) of Venezuela adjusted the value of the Tax Unit from 9 to 43 bolivars.
This was reflected in Official Gazette No. 43,140, dated June 2, 2025.
The value of the UT, which will now be 43 bolívares, the national currency, represents a 377.78 % increase compared to the value set in May 2023.
Taxpayers should consult the specifications for the various taxes, personal income tax withholdings, gift and inheritance taxes, and municipal fees, among others.
M.Pino
With information from national media, Seniat (National Tax Agency), and social media
(Reference image source: Jakub Żerdzicki on Unsplash)
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