- Venezuela extended the VAT exemption for hydrocarbon fuel imports and sales to January 11, 2027.
- The exemption applies to state, state-owned, mixed, and private companies under the Organic Hydrocarbons Law.
- Beneficiaries must meet specific documentation requirements.
- Customs procedures for the exemption are outlined.
- SENIAT will conduct semi-annual evaluations; the decree takes effect January 12.
Source: news.bloombergtax.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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