VENEZUELA
February 14, 2016
In accordance to recent Official Gazette 40.846, the Venezuelan Government has established a new and increased Official Tributary Unit. The Tax Unit is
a mechanism intended to confer permanence and stability across time to the amounts in bolivares (local currency) or nominal values disposed by different tributary laws. The new Tributary Unit will result in a further increase of official fees to be paid for patent and trademark filings, renewals, grant fees, changes of ownership and licenses.