Imports of new movable capital assets and computer and telecommunications assets, as well as their parts, pieces and accessories, not produced, or with insufficient production, in Venezuela, that are identified as capital goods (BK) or information technology and telecommunications goods (BIT) in the Customs Tariff Code, under the terms and conditions provided in the respective “Certificate of Exemption of BK or BIT,” will be VAT exempted. However, depending on the type of asset, customs authorities will apply a customs tariff of 2% or 0% ad valorem.
Source EY
Latest Posts in "Venezuela"
- Venezuela Suspends VAT Exemptions for Key Imports Amid Economic Crisis; New Decrees Announced
- Venezuela Suspends VAT Exemptions, Designates Special Taxpayers as Withholding Agents in New Decrees
- Venezuela Updates VAT Exemptions and Designates New VAT Withholding Agents in 2025 Guidance
- Venezuela Broadens VAT Withholding Rules for Individuals with Personal Businesses
- Venezuela Exempts Import Duties and VAT on Goods Until June 2026 Under New Decree
