Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:05, December 31, 2005
Venezuela demands back taxes from 3 foreign oil companies
font size    

Venezuela's tax office has demanded millions of US dollars in back taxes from three foreign oil companies, the state news agency ABN reported on Friday.

According to ABN, the three foreign companies are France's Total, Spain's Repsol and Janpan's Teikoku. They were demanded to pay a total of 223 million U.S. dollars in back taxes.

Among the companies, the Venezuelan National Customs and Tax Administration (Seniat) demanded 107 million dollars from Total, 113 million from Repsol and three million from Teikoku.

Officials from Seniat also mentioned that five other foreign oil companies would be demanded for back payments in January.

As the world's fifth largest oil producer, Venezuela adopted a Zero-Evasion Plan last year, as part of the nation's anti-tax evasion efforts.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Venezuela, Cuba intensify bilateral trade

- Venezuela to strengthen ties with African countries in 2006

- Fireworks shop explosion kills at least 4 in Venezuela

- Venezuela exports 5.3 million barrels of oil to China, Singapore

- Venezuela exports 140,000 bpd of oil to China


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved