Venezuela exempts income tax on Central Bank securities for one year from 8 May 2025. 

Venezuela has enacted Decree No. 5,127, published in the Official Gazette Extraordinary No. 6,905  on 8 May 2025.

The decree grants a one-year income tax exemption for income earned by Venezuelan residents from investments in securities or instruments guaranteed by the Central Bank of Venezuela.

The exemption is valid for one year from May 8, 2025, the decree’s effective date, and applies to the fiscal year starting on that date.

As set out in Article 1, the exemption covers qualifying income under the conditions established in the Decree.

Article 2 provides that the calculation of exempt income must follow the applicable rules under the Decree with the Rank, Value, and Force of Law on Income Tax, including proportional allocation of shared costs and deductions related to both exempt and taxable income.

Beneficiaries are required to submit annual tax returns reporting total net income, including exempt amounts, in line with the Income Tax Law and associated regulations (Article 3).

Eligibility for the exemption is subject to compliance with the requirements of this Decree and other relevant tax rules (Article 4). Failure to meet these obligations results in the forfeiture of the exemption (Article 5).

The exemption is effective for one year beginning 8 May 2025 and applies to the corresponding fiscal year (Article 6). Article 7 designates the Minister of People’s Power for Economy and Finance as responsible for implementation.