#

Business Reforms in Venezuela, RB

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2018

Starting a Business: República Bolivariana de Venezuela made starting a business more expensive by raising several fees charged during the business registration process. Lawyer fees and publication costs were also increased.

DB2017

Starting a Business: The República Bolivariana de Venezuela made starting a business more expensive by raising the value of the tributary unit and lawyers’ fees. It also made the process more time consuming by limiting the work schedule of the public sector.

DB2016

Starting a Business: República Bolivariana de Venezuela made starting a business more difficult by increasing incorporation costs. It also made starting a business more difficult by making the registration at the Venezuelan Social Security Institute (IVSS), the National Bank for Housing and Habitat (BANAVIH) and the National Institute of Socialist Cooperation & Education (INCES) prerequisites for the Ministry of Labor (Minpptrass) registration.

DB2015

Starting a Business: República Bolivariana de Venezuela made starting a business more difficult by increasing incorporation costs and by requiring companies to register within the Superintendence for Socioeconomic Rights (SUNDEE).

DB2014

Starting a Business: República Bolivariana de Venezuela made starting a business more costly by increasing the company registration fees.

Getting Credit: República Bolivariana de Venezuela improved access to credit information by starting to collect data on firms from financial institutions.

DB2013

Starting a Business: República Bolivariana de Venezuela made starting a business more difficult by increasing the cost of company incorporation.

Paying Taxes: República Bolivariana de Venezuela made paying taxes more costly and difficult for companies by introducing a sports, physical activities and physical education tax.

Labor Market Regulation: República Bolivariana de Venezuela introduced a new Labor Code that prohibits redundancy dismissals.

DB2012

Paying Taxes: República Bolivariana de Venezuela made paying taxes costlier for firms by doubling the municipal economic activities tax (sales tax).

DB2011

Starting a Business: República Bolivariana de Venezuela made starting a business more difficult by introducing a new procedure for registering a company.

Getting Credit: República Bolivariana de Venezuela improved access to credit information by creating a private credit bureau.

Paying Taxes: República Bolivariana de Venezuela abolished the tax on financial transactions.

DB2010

Paying Taxes: República Bolivariana de Venezuela made paying taxes more costly for companies by introducing 2 new taxes.

DB2009

Paying Taxes: República Bolivariana de Venezuela made paying taxes more costly for companies by levying a financial transactions tax on payments made to third parties.

DB2008

Registering Property: República Bolivariana de Venezuela reduced the time needed for registering property by implementing time limits at several agencies.

Paying Taxes: República Bolivariana de Venezuela made paying taxes more difficult for companies by introducing 3 new taxes.

Trading across Borders: República Bolivariana de Venezuela made exporting more difficult by introducing new requirements for registration of export transactions.