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LAW FOR THE PROMOTION OF NON-OIL EXPORTS PUBLISHED

22 August 2024

The Law for the Promotion of Non-oil Exports, published in Official Gazette No. 6,824 Extraordinary on July 18, 2024, has, as its main objective, to establish and develop mechanisms to facilitate and promote the export of non-oil goods and services generated in Venezuela.

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Master Act for Coordination and Standardization of States and Municipalities’ tax powers (LOCAPTEM for its initials in Spanish)

23 August 2023

On August 10, 2023, the Organic Act for the Coordination and Standardization of the Tax Powers of the States and Municipalities (LOCAPTEM and hereinafter the "Act”) was published in the Venezuelan Official Gazette No. 6.755 Special series. Its main purpose is to guarantee the coordination and standardization of states and municipalities’ tax powers, by establishing parameters, limitations, tax rates, and applicable rates.

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What are the implications of the new Great Wealth Tax?

14 September 2019

To whom does this obligation apply? Any and all legal entities or persons that have been designated as special agents by the Tax Administration (SENIAT), so long as they hold wealth equal to or greater than...

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