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RE: Taxes and their application in Venezuela

Very didactic publication friend @chucho27, especially because many people understand that the payment of taxes is due solely and exclusively to guarantee services, when in reality, except for the exceptions you explain, most of them are designed to support the government structure, such as such as operating expenses of public entities, social investments, etc.

The issue is when in countries, like Venezuela, when you do not see positive results in government management, people end up wondering what these payments are for if they do not receive any benefit for this.

On the other hand, I consider that in our country many of the taxes violate the principle of non-confiscation, since they distort the nature of the taxable event, as in the case of the advance calculation for ISLR that was previously carried out through a projection of annual profits ( self-determined by the taxpayer) and now on the basis of monthly sales (by the VAT return) which makes it go from being a tax calculated based on sales and not based on income (profits).

Thanks for such valuable content, greetings

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Greetings friend @karupanocitizen, excellent comment, it is necessary to know what is the destination of the taxes we pay, and thus have a clearer knowledge about the possible benefits.

Responding to the second part of your comment, regarding the principle of non-confiscation, and the nature of the taxable event, in the case of ISLR, the truth is that it is a topic for debate, as there are references that support your point of view, while others agree on the way of calculating the advance payment of ISLR, from my point of view I support your opinion and it would be very good to develop a post on this topic.

Thank you very much for your valuable comment.

Well, you are very right friend @ chucho27 it would be good to express that opinion in a publication !!!, come out brother.

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