Venezuela will start levying taxes on state cryptocurrency

Venezuela will start levying taxes on state cryptocurrency

Venezuela will start levying taxes on state cryptocurrency

Council of Mayors supports the initiative of the Venezuelan government to include the digital currency Petro in the list of methods for paying taxes and fines.

After signing «National Tax Harmonization Agreements» 305 out of 335 municipalities have joined to the program for expanding the scope of use of state cryptocurrencies. In addition to 30 mayors who did not support the initiative, some administrations do not have the necessary technologies for fundraising in this way.

For the creation of a unified register of taxpayers will be in charge of Venezuelan Vice President Delsi Rodriguez, by words whom, new system will increase the efficiency and flexibility of public services, as well as stimulate growth in manufacturing and trade.

Venezuela will start levying taxes on state cryptocurrency

Yesterday the government country also announced that approximately every sixth payment for fuel at gas stations in the country is carried out for Petro.

text: Ivan Malichenko, a photo: Getty Images

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