Government expects to raise almost $145.3mn a year with the application of two taxes

The Government expects to collect almost Bs1 billion ($145.3) from the Wealth Tax and the Value Added Tax Rebate Regime (Re-VAT). With the creation of the Tax on Large Fortunes, the Government expects a potential collection of Bs.105.35 million ($15.3 million) and with the Re-VAT, Bs 807 million ($117.2 million).