The president of the Venezuelan Association of Tax Law, Juan Korody, explained that companies currently contribute on average with 80% of their usefulness to the payment of taxes and there are others that represent a worst case because they have no use and have to pay taxes
The president of the Venezuelan Association of Tax Law (AVDT), Juan Korody, warned of the risks of fiscal voracity in the country and recommended harmonizing the tax collection system.
The specialist indicated that after the 80% fall of the Gross Domestic Product (GDP) of Venezuela between 2013 and 2019, the Venezuelan State launched a series of tax measures to improve its fiscal income.
Such shares have given fruit, because in the last three years there has been an increase in tax collection in the country. In fact, according to official figures it is expected that in 2025 the figure of 2024, which reached 3,169 million dollars, reached, which reached 3,169 million dollars, review The Ucabista.
However, the expert said that tax voracity has become a problem and warned of the dangers of increasing tax collection without respecting the fundamental principles that taxation must govern, such as The principle of non -confiscation, principle of legalityprinciple of economic capacity and the principle of reality, four pillars of tax law.
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«In a rule of law, we cannot tolerate that we attend public burdens without following the principle of legality, without properly consulting economic capacity and without considering that my assets are not affected and the source generating the tribute is protected. That is, as I am only going to collaborate with the rent, if you take away something more than the rent, I will lose everything at some point, ”he said.
Korody exemplified that, due to the current high tax burden, formal companies deliver eight out of 10 bolivars of their profits to the treasury.
«Today companies contribute an average of 80% of their usefulness to the payment of taxes and there are others that represent a worst case because they have no use and have to pay taxes. We are living that situation: GDP fell and the collection fell; The normal reaction (of the State) is ‘I have to raise more’, which fell to the most formal taxpayers, who are supporting that increase in collection, ”explained the specialist.
The president of the AVDT recommended that this be harmonized and not to continue leverage in the ones they pay most, because they, he said, have already exhausted their economic capacity. In addition, he suggested to reduce certain tax rates. “In this way, part of the assets of companies can be used for investment, improve competitiveness and contribute economic growth, which will finally result in greater collection.”
*Journalism in Venezuela is exercised in a hostile environment for the press with dozens of legal instruments arranged for the punishment of the word, especially the laws “against hatred”, “against fascism” and “against blockade.” This content is being published taking into account the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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