Venezuela Extends VAT and Customs Duty Exemption on Imports Until August 31, 2024

• Venezuela extends VAT and customs duty exemption on imports of certain goods
• Decree No. 4.967 published in the Official Gazette on 28 June, 2024
• Extension of temporary exemption from VAT and customs duty on specific goods
• 90% exemption on import tax and VAT for definitive imports of over 1,500 goods
• Imported goods must be primarily for raw materials and inputs
• Exemption covers 441 goods with specific requirements
• Exemptions also apply to certain government agencies and entities
• VAT exemptions extended until 31 August, 2024

Source: regfollower.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.

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