Venezuela hikes oil taxes
International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX
Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Venezuela hikes oil taxes

Salman Shaheen
May 09, 2011
800px-hugochavez1820small.jpg

President Hugo Chavez has unveiled a revamp of Venezuela’s upstream regime, hiking the already-hefty 60% tax rate on oil production to as much as 95%. But the massive rise may not be as onerous as it looks, and may not prompt an exodus from the nation’s oil patch.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

NewsVenezuelaDirect TaxLatin America and Caribbean
SS
Salman Shaheen
Contact
Salman Shaheen worked at ITR between 2010 and 2017
more across site & bottom lb ros

More from across our site

Direct Tax
OECD image.jpeg
This week in tax: Consensus nearly reached on amount A, OECD says
The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year
Sam Sholli, July 26, 2024
Awards
ITR Americas Tax Awards 2024 logo
ITR Americas Tax Awards 2024: shortlist announced
ITR is delighted to reveal all the shortlisted nominees for the 2024 Americas Tax Awards
John Harrison, July 25, 2024
Direct Tax
Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC
PwC’s global chair called for scandal questioning by Australian parliament
Global chair Mohamed Kande and Australian CEO Kevin Burrowes are likely to be grilled on the firm’s lack of co-operation
Tom Ravlic, July 25, 2024
Transfer Pricing
pillar-one-amount-a-oecd.jpg
‘Unlikely any time soon’: tax experts on amount A agreement
Consensus on the amount A multilateral convention will take more than six months to achieve, one expert believes
Sam Sholli, July 25, 2024
Awards
ITR EMEA Tax Awards 2024 logo
ITR EMEA Tax Awards 2024: shortlist announced
ITR is delighted to reveal all the shortlisted nominees for the 2024 Europe Middle East & Africa Tax Awards
John Harrison, July 25, 2024
Awards
ITR Asia-Pacific Tax Awards 2024 logo
ITR APAC Tax Awards 2024: shortlist announced
ITR is delighted to reveal all the shortlisted nominees for the 2024 Asia-Pacific Tax Awards
John Harrison, July 25, 2024
Transfer Pricing
Luxembourg.jpg
Luxembourg Transfer Pricing Association launched
There is a 'critical need' for a unified platform to address challenges in TP, the organisation’s president told ITR
Sam Sholli, July 24, 2024
Direct Tax
Kate Barton of EY talks about how the tax profession continues to evolve
Dentons names ex-EY global vice chair as next CEO
Tax specialist Kate Barton helped to transform EY’s global tax practice, Dentons has claimed
Sam Sholli, July 24, 2024
HMRC claims
Macfarlanes advises billionaire trader in unsuccessful HMRC appeal
Alex Gerko had challenged HMRC’s positions on deferred trading profits that he and other traders made while working for hedge fund GSA
Sam Sholli, July 23, 2024
Direct Tax
PwC.jfif
PwC Australia tightens tax training and NDA oversight
The Tax Practitioners Board had required PwC to overhaul its internal processes following the tax leaks scandal
Tom Ravlic, July 23, 2024
Gift this article