Accessibility links

Breaking News

Venezuelan Tax Office Fines State-Run Gas Company

Venezuela's tax office has imposed a $233 million fine on the nation's state-run gas company for irregularities in its value-added tax.

Tax office President Jose Vielma Mora told reporters the fine is the largest ever imposed on a Venezuelan company.

The tax office monitors all private, public and joint companies in Venezuela for bookkeeping irregularities.

Venezuela's Daily News reports the company was penalized for out-of-date and missing invoicing, improper record keeping and lack of direct reporting on value-added tax returns.

Some information for this report provided by AP.