New value of VenezuelaÂ´s Tax Unit
Por: Marketing & Communications
On February 19, the Venezuelan President announced an increase of the official tributary unit by +69.5%. As a consequence, all official fees, either payable in local or foreign currency for services rendered by Governmental Agencies, will be adjusted by the previously mentioned percentage and will be applicable from March 01, 2017, pending publication in the National Gazette.
This decision will cause another increase in the official fees payable to the Venezuela Trademark IP Office (Autonomous Service of Intellectual Property-SAPI), for all services related to trademarks and patents.
Find here the new schedule of fees that will be applicable once the new government tax rate comes into force.
For further information, please do not hesitate to contact us.