- Decree No. 4,907 in Venezuela establishes tax exemptions for imports of goods.
- The exemptions apply from 1 January 2024 until 30 June 2024.
- The Decree exempts 90% of VAT and import taxes on imports of tangible goods.
- Certain entities and affiliated companies are also exempt from VAT and import taxes.
- Beneficiaries must submit specific documents to the customs office to benefit from the exemption.
Source: insightplus.bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
