On 12 January 2024, Venezuela published Decree No. 4.911 in Official Gazette No. 42.797. This decree extends the temporary exemption on VAT, customs duty, and related taxes for the import and sale of hydrocarbon fuels and additives that improves gasoline quality in Venezuela. This tax exemption was previously applicable from 13 January 2023 to 13 January 2024, which now remains in effect until 12 January 2025.
Related Posts
Venezuela overhauls mining sector with sweeping new mining law
May 18, 2026
Venezuela has enacted a sweeping new mining regime with the publication of the Ley Orgánica de Minas (2026) in the
Read More
Barbados, Venezuela agree to update 1998 tax treaty
April 30, 2026
Barbados and Venezuela have agreed to update their 1998 Double Taxation Agreement following high-level discussions held
Read More Venezuela enacts hydrocarbons law reform with new tax, royalty regime
February 11, 2026
Venezuela issued the Reform of the Organic Hydrocarbons Law in Extraordinary Official Gazette No. 6,978, dated 31
Read More
Venezuela extends fuel tax exemptions until January 2027
January 28, 2026
Venezuela has extended a temporary exemption from VAT, customs duty, and other taxes on hydrocarbon fuels under Decree
Read More
Venezuela prolongs state of economic emergency amid US tariff concerns
August 15, 2025
The state of emergency is set to remain in effect for 60 days, with the option to extend it for an additional 60
Read More
Venezuela updates VAT exemptions, designations of withholding agents
August 14, 2025
Venezuela’s Decree No. 5.145 suspends VAT exemptions on essential goods like food, medicines, and books, effective 30
Read More