One of the main obstacles to economic development in Latin America is the informal sector, since from a fiscal point of view they are not incorporated into the formal legal structures of the countries.
It is therefore considered an obstacle to growth, which may lead to the incorporation of new taxes into the tax system, such as the tax on large estates, to expand the collection system.
Although theoretically there is the possibility of taxing wealth through fees and contributions, technically it is preferable to resort to a new tax, since, on the one hand, this figure is more in line with the economic capacity of the taxpayer.
This relative economic capacity of the taxpayer does not represent for the administration an additional burden in terms of the consideration or direct quantification of the rate in relation to the cost (price) of a service, it should be noted that in the case of Venezuela the recently approved law does not present any definition of what should be understood by charges or deductions, being this tax under study considered non-deductible for income tax purposes.