LA UNIDAD TRIBUTARIA EN VENEZUELA Y SU FUNCIÓN DE CORRECCIÓN MONETARIA FISCAL

One of the most important elements in taxation is commonly called tax unit, appearing inVenezuelan legislation in 1994 to reform the Tax Code, representing a homogeneous unitof measure used in the determination, assessment, submission of tax processes andtranscending thereof for the purpose of fines, penalties and even some fringe benefits arecalculated using the tax unit , but the fact is that in economies like Venezuela whichaccording to the Venezuelan Central Bank (2014) has maintained a continued escalationin prices of goods and services for decades showing high inflation which has affected thereal value of the Venezuelan currency , the inflationary effect has also impacted on the taxunit which must be updated annually according to the inflation reports issued by theCentral Bank of Venezuela , this study focuses on the analysis of the Venezuelan inflationand its effect on the tax unit used in multiple tax processes , developing a methodologydocumentary , by direct observation and critical analysis , using data reports issued by theVenezuelan Central Bank, SENIAT , Venezuelan law such as tax Code, authors such asFundamental letter and Romero (2003), this research concludes that updating the tax unitfor the effects of inflation is not done properly, representing thereby lost to the nation , justas the effective date of the updated tax form unit delayed brings distortions quantifying taxduties , recommending you make updates to the tax unit according to cumulative inflationof the previous year , also a reform in the COT (2001) so that it becomes effective in themonth of January each year.