Venezuela grants income tax exemption for hydrocarbon production activities

Venezuela has extended a temporary exemption from VAT, customs duty, and other taxes on hydrocarbon fuels under Decree No. 5.207, published in Official Gazette No. 43.292 on 9 January 2026. The decree maintains the tax relief for the definitive

The state of emergency is set to remain in effect for 60 days, with the option to extend it for an additional 60 days.  Venezuela published Executive Decree No. 5.157 in the Official Gazette on 8 August 2025, declaring a state of national

Venezuela’s Decree No. 5.145 suspends VAT exemptions on essential goods like food, medicines, and books, effective 30 June 2025, while Administrative Ruling SNAT/2025/000054 designates special taxpayers as VAT withholding agents from 16 July

The Ministry of Economy and Finance issued guidelines for tax refunds in SEZs, which require certification, tax compliance, and adherence to administrative procedures. Venezuela’s Ministry of Economy and Finance issued Resolution No. 014-25 on

Venezuela’s SENIAT has raised the tax unit value from 9 to 43 bolivars, a 377.78% increase, effective immediately for national tax calculations. Venezuela’s National Integrated Customs and Tax Administration Service (SENIAT) issued

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