On 21 February 2024, Venezuela issued Decree No. 4.924 in the Official Gazette, announcing the further extension of exemptions from financial transactions initially implemented in 2022. This Decree clarifies exemptions for the transactions as

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

On 10 August 2023, Venezuela published Decree Nos. 4,838; 4,839; 4,840; and 4,841 in the Official Gazette. The Decrees established four new special economic zones (SEZs) with tax incentives aimed at boosting production, especially for exports. The

On 8 May 2023, the National Integrated Service of Customs and Tax Administration (SENIAT) of Venezuela published Administrative Ruling SNAT/2023/000031 in the Official Gazette, which increases the value of tax units from VES 0.40 to VES 9.00 for the

On 31 August 2020, Government Officially published Resolution SNAT/2020/00057, which introduces exemption from weekly VAT return or VAT payment obligations, weekly VAT withholding returns for large taxpayers in response to COVID-19 pandemic.

On 2 April 2020, the Government officially published Decree 4171, which enters into force on the similar day of its publication. The Decree contains: An income tax exemption for the domestic-source income derived by certain resident individuals