03-10-2023, 04:27 AM
If you use cryptocurrencies in Venezuela, you pay less taxes. New law set by the gov
<!-- SC_OFF --><div class="md"><p>Hi, guys Venezuelan living here.</p> <p>This is some kind of surprise considering the nature of the government (they like to have control of everything) but well, I suppose they had to be less ambitious and not take everything for them.</p> <p>In this case, it is the tax on large financial transactions (IGTF) is a tax that you have to pay if you move money at it is set by 2% also if you pay in USD cash you have to add 3% more tax, if you pay or transfer crypto you avoid that 5%. </p> <p>Of course, this only affects "legal" transactions done and reported to the SENIAT (like IRS) for off the record and P2P this doesn't apply.</p> <p><a href="https://criptomonedaseico-com.translate.goog/noticias/gobierno-de-venezuela-exonera-del-pago-del-impuesto-a-las-grandes-transacciones-financieras-igtf-a-las-operaciones-que-se-realicen-con-bitcoin-btc-y-otras-criptomonedas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp">https://criptomonedaseico-com.translate.goog/noticias/gobierno-de-venezuela-exonera-del-pago-del-impuesto-a-las-grandes-transacciones-financieras-igtf-a-las-operaciones-que-se-realicen-con-bitcoin-btc-y-otras-criptomonedas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WorkingLime"> /u/WorkingLime </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11mrnkt/if_you_use_cryptocurrencies_in_venezuela_you_pay/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11mrnkt/if_you_use_cryptocurrencies_in_venezuela_you_pay/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Hi, guys Venezuelan living here.</p> <p>This is some kind of surprise considering the nature of the government (they like to have control of everything) but well, I suppose they had to be less ambitious and not take everything for them.</p> <p>In this case, it is the tax on large financial transactions (IGTF) is a tax that you have to pay if you move money at it is set by 2% also if you pay in USD cash you have to add 3% more tax, if you pay or transfer crypto you avoid that 5%. </p> <p>Of course, this only affects "legal" transactions done and reported to the SENIAT (like IRS) for off the record and P2P this doesn't apply.</p> <p><a href="https://criptomonedaseico-com.translate.goog/noticias/gobierno-de-venezuela-exonera-del-pago-del-impuesto-a-las-grandes-transacciones-financieras-igtf-a-las-operaciones-que-se-realicen-con-bitcoin-btc-y-otras-criptomonedas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp">https://criptomonedaseico-com.translate.goog/noticias/gobierno-de-venezuela-exonera-del-pago-del-impuesto-a-las-grandes-transacciones-financieras-igtf-a-las-operaciones-que-se-realicen-con-bitcoin-btc-y-otras-criptomonedas/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/WorkingLime"> /u/WorkingLime </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11mrnkt/if_you_use_cryptocurrencies_in_venezuela_you_pay/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11mrnkt/if_you_use_cryptocurrencies_in_venezuela_you_pay/">[comments]</a></span>