Maduro Announces 9% Tax on Private Companies for State Pension Fund
CARACAS, Venezuela – In a move aimed at bolstering the welfare of Venezuelan citizens, President Nicolas Maduro has put into effect a new decree imposing a 9% tax on private companies. This tax will be used to establish a state-run pension fund, with the aim of providing financial security for retirees in the country. The Venezuelan government, through the National Assembly, recently passed a law allowing for a levy of up to 15% on private …