Venezuela's National Assembly has reportedly approved amendments to the Law on Financial Transactions Tax for the introduction of measures for the taxation of financial transactions in foreign currency and cryptocurrency. The amendments were published in the Official Gazette on 25 February 2022 and will come into force on 27 March 2022. Currently, the financial transactions tax is levied at a rate of 2.0% on specified transactions by designated "special taxpayers", i.e., large taxpayers, as well as entities related to special taxpayers and those acting on behalf of special taxpayers. The new measures introduce a financial transactions tax liability at an...