- Decree Publication: Venezuela issued Decree No. 5.079 in Official Gazette No. 43.044 on January 10, 2025, extending tax exemptions.
- Tax Exemptions Extended: The decree extends the temporary exemption from VAT, customs duty, and other taxes for the import and sale of hydrocarbon-derived fuels, as well as inputs and additives for gasoline quality improvement.
- New Expiration Date: The tax exemptions, initially set to expire on January 12, 2025, are now extended for one more year, until January 12, 2026.
Sources
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.
Latest Posts in "Venezuela"
- 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
- Venezuela Exempts Customs Duties and VAT on Imports Until June 2026