Venezuela to impose tax up to 25% on purchases in foreign currency
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CARACAS (Reuters) - Venezuela will begin applying an extra sales tax on purchases of goods using foreign currency under a law approved this week by the government-controlled Constituent Assembly. Venezuelans have increasingly taken to using dollars or euros for day-to-day transactions, as hyperinflation erodes the value of the crisis-torn country's bolivar currency.The law allows the government to impose a tax ranging between 5% and 25% on goods purchases made in foreign currency, on top of the..