- 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 Simplifies Online Customs Procedures and Reduces Documentation Requirements
- Venezuela SENIAT Simplifies Customs Procedures with New Instructions
- Venezuela Abolishes Special Authorization Regime for Invoicing Software Providers
- Venezuela Repeals Approval Regime for Invoicing Software Providers
- Venezuela Exempts VAT and Customs Duties on Luggage from Paraguaná and Nueva Esparta Zones
