Venezuela Imposes 9% Tax on Businesses to Fund Pensions

Venezuela’s President Nicolás Maduro introduced a 9% tax on private companies to bolster the country’s pension fund. This tax, calculated on the total amount paid to employees, includes both salaries and non-salary bonuses. The goal is to address the challenges faced by Venezuela’s pension system, weakened by years of economic crisis and international sanctions. This […]

Leave a Reply

Your email address will not be published. Required fields are marked *