NEW CURRENCY ADJUSTMENT - August 6 2021

NEW MONETARY EXPRESSION By means of Decree No. 4.553 of 06/08/2021, published in Official Gazette No. 42.185 of the same date, the National Executive decreed a new monetary expression of the bolivar, the most relevant aspects of which are summarised below: 1) The unit of the Venezuelan monetary system, i.e. the bolivar as legal tender, will be expressed in...

EXTENSION OF THE TIME PERIOD FOR FILING THE UPDATED SWORN DECLARATION OF PROPERTY OWNED - July 30 2021

EXTENSION OF THE DEADLINE FOR SUBMISSION OF THE UPDATED STATEMENT OF ASSETS The Office of the Comptroller General of the Republic, by means of Resolution No. 01-00-000233, published in Official Gazette No. 42.180 of 30 July 2021, resolved to extend from the first (1st) to the thirty-first (31st) of August 2021, the deadline for the submission of the...

CRITERIA FOR UPLOADING FINANCIAL STATEMENTS AS A REQUIREMENT FOR REGISTRATION AND ENABILITATION IN THE NATIONAL REGISTER OF CONTRACTORS - May 25 2021

CRITERIA FOR THE UPLOADING OF FINANCIAL STATEMENTS AS A REQUIREMENT FOR REGISTRATION AND ENABILITATION IN THE NATIONAL REGISTER OF CONTRACTORS Official Gazette No. 42.134 dated May 25, 2021, published Ruling No. DG-2021-004 (the "Ruling"), issued by the National Procurement Service ("SNC"), by means of which the National Procurement Service ("SNC")...

INCENTIVE FOR NEW SMALL AND MEDIUM-SIZED ECONOMIC ACTORS, NEW BUSINESS START-UPS, AND OTHER SOCIO-PRODUCTIVE ORGANIZATIONS TO REGISTER WITH THE RNC. - May 25 2021

INCENTIVE TO REGISTER IN THE RNC FOR NEW SMALL AND MEDIUM ECONOMIC ACTORS, NEW ENTREPRENEURSHIPS AND OTHER SOCIOPRODUCTIVE ORGANISATIONS Official Gazette No. 42.134 of 25 May 2021, published Ruling No. DG/2021/006 issued by the National Procurement Service (the Ruling), by means of which it established...

PROCEDURE FOR DECLARATION, SELF-ASSESSMENT, AND PAYMENT OF CONTRIBUTIONS TO FONACIT AND OBTAINMENT OF ELECTRONIC CLEARANCE CERTIFICATE OF THE CONTRIBUTION. - May 20 2021

PROCEDURE FOR THE DECLARATION, AUTOLICATION AND PAYMENT OF FONACIT CONTRIBUTIONS AND OBTAINING THE ELECTRONIC CERTIFICATE OF CONTRIBUTION SOLVENCY Official Gazette No. 42.128 dated May 17, 2021, published Ruling No. 015-029 (the "Ruling") dated April 15, 2021, issued by the National Fund...

EXEMPTION FROM PAYMENT OF IMPORT DUTIES, VALUE ADDED TAX, AND RATE FOR DETERMINATION OF CUSTOMS REGIME FOR THE GOODS AND SERVICES INDICATED IN THE DECREE - May 1 2021

EXEMPTION FROM PAYMENT OF IMPORT TAXES, VALUE ADDED TAX AND TAX FOR DETERMINATION OF CUSTOMS REGIME FOR THE GOODS AND SECTORS NAMED IN THE DECREE In the Official Gazette No. 6.623 Extraordinary dated 1 May 2021, Decree No. 4.604 of the same date (the "Decree") was published, issued by...