Venezuela VE: GDP: Net Taxes on Product

Venezuela VE: GDP: Net Taxes on Product data was reported at 330,640.928 VEF mn in 2014. This records an increase from the previous number of 194,752.808 VEF mn for 2013. Venezuela VE: GDP: Net Taxes on Product data is updated yearly, averaging 58.293 VEF mn from Dec 1968 (Median) to 2014, with 47 observations. The data reached an all-time high of 330,640.928 VEF mn in 2014 and a record low of 2.274 VEF mn in 1968. Venezuela VE: GDP: Net Taxes on Product data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Nominal. Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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