Venezuela to Weigh Value-Added Tax: Finance Minister...
From Times Staff and Wire Reports
Venezuela to Weigh Value-Added Tax: Finance Minister Carlos Rafael Silva said he will propose to the Cabinet on Thursday a value-added tax that would begin in October with a 10% tax on wholesale imports of consumer goods. The tax would be extended to sales at the retail level after Jan. 1. He said that because public services and certain basic consumer goods would be exempt from the new tax, the 10% levy would not necessarily raise the cost of living significantly.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
