Fortunes over $4.3mn will pay wealth tax

According to Supreme Decree 4436, the Tax on Large Fortunes (TLF) covers millionaires with over Bs30 million ($4.3 million) who must pay up to 31 March and residents abroad up to 30 April. The TLF sets 1.4% for Bs30 – 40 million ($ 4.3 – 5.7 million); 1.9% for those with Bs 40 – 50 million ($5.7 – 7.17 mn); and 2.4% for those over Bs50 million ($7.17 million).

Source: Los Tiempos