= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Employing Workers:
República Bolivariana de Venezuela introduced a new Labor Code that prohibits redundancy dismissals.
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.
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.
Paying Taxes:
República Bolivariana de Venezuela abolished the tax on financial transactions.
DB2010:
Paying Taxes:
República Bolivariana de Venezuela introduced two new taxes, increasing the tax burden on businesses.
DB2009:
Paying Taxes:
Since November 1, 2007 the Tax on Financial Transactions is levied at a rate of 1.5% on payments made to third parties.
DB2008:
Registering Property:
República Bolivariana de Venezuela made registering property faster by implementing time limits at several agencies.
Paying Taxes:
República Bolivariana de Venezuela made it more difficult to pay taxes by introducing three new taxes.
Trading Across Borders:
República Bolivariana de Venezuela made exporting more difficult by introducing new requirements for registration of export transactions.