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Assignment of rights under the development agreement, however, with 23% VAT

The Supreme Administrative Court ruled that the assignment of rights under a development agreement is a service subject to a 23% VAT rate, and the reduced 8% VAT rate applicable to the supply of a residential unit does not apply. The court...

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VATupdate.com Daily Newsletter: July 5, 2024

What happens on July 5 in the world? Venezuela celebrates its Independence Day on July 5th every year. This day commemorates the nation’s declaration of independence from Spain in 1811, marking it as the first Spanish...

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