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Venezuela Suspends VAT Exemptions for Key Imports Amid Economic Crisis; New Decrees Announced

  • Venezuela suspended VAT exemptions for various imports due to an economic emergency.
  • Decree 5,145 provides a one-year VAT exemption for certain goods starting July 7, 2025.
  • Decree 5,146 offers VAT and customs duty exemptions for specific goods and entities for one year from June 30, 2025.

Source: kpmg.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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