Bolivarian Government designs plan to reduce tax evasion and avoidance in 2025

Published at: 04/11/2024 10:11 PM

During the broadcast of the Con Maduro+ program, the Head of State, Nicolás Maduro, highlighted that the Integrated Tax Administration Service (SENIAT) raised more than 38 billion bolivars.

President Maduro emphasized the importance of this achievement, stating that “two things are combined there; one is the growth of the real economy, because an economy that does not grow has no capacity to contribute and, secondly, that SENIAT's professional capacity to collect and collect that wealth has been substantially improving. It's still missing.”

During his speech, he highlighted the need to implement a special plan to combat tax evasion and the avoidance of those who try to evade tax payments, while referring to the importance of continuing to strengthen tax culture.

In this regard, he recalled that “ten, twenty, thirty years ago, the business community, especially the richest, did not consider it necessary to contribute to the tax system” due to the abundance of oil resources, for that generation, tax avoidance was a practice aimed at reducing or avoiding the payment of taxes illegally.

“All modern states have managed to establish solid tax systems, the strongest capitalist states in the world base their wealth on revenue,” he said.

“Let's say: the United States and Western states base their wealth on revenue, right now there's a debate in the world,” he said.

In this context, the President called for adopting a “strong, radical policy to prevent the tax system from being mocked”.

Looking to the future, the head of state was optimistic about the economic projections.

“We're going step by step. In the year two thousand and twenty-four, we are far exceeding our goals. Everything that is collected, the People know, goes to health, hospitals, CDI, Bricomiles, everything goes to education,” he explained.

He also indicated that 85% of Venezuelan education is public and free, and the resources are also destined for housing construction.

“(...) It's very good news that we are collecting, that there has been an increase in taxes in the country, in collection, and I think that in the year 2025 there will be news as good as this one,” he estimated.

Mazo News Team