EXEMPTION FROM PAYMENT OF REGISTRATION OR RECORDING WITH THE IVSS, FAOV, INCES, AND MPPPST FOR STARTUPS Decree No. 4.719, issued by the Presidency of the Republic, was published in Official Gazette No. 42.432 of August 3, 2022. Said Decree instructs the authorities of the Venezuelan Institute of Social Security (Instituto Venezolano de los Seguros…
Newsletter-July-2022
ORGANIC LAW OF SPECIAL ECONOMIC ZONES The Organic Law of Special Economic Zones was published in Official Gazette No. 6.710 Extraordinary of July 20, 2022 (OLSEZ). It repeals the provisions on special economic zones of the Law of Integral Regionalization for Socioproductive Development of the Homeland of November 2014. This Law regulates the creation,…
TECHNICAL REGULATIONS ON CLOTHING LABELING (TEXTILES) Resolution No. 037/2022, dated June 21, 2022, issued by the Ministry of the Popular Power for National Trade, was published in Official Gazette No. 42.419 of July 15, 2022. Said Resolution contains the Technical Regulations on Clothing Labeling (Textiles) (the “Technical Regulations”), which establish the minimum mandatory requirements…
Newsletter-June-2022
Newsletter May 2022
Newsletter-April-2022
CESSATION OF OBLIGATION TO STATE DOUBLE EXPRESSION OF PRICES OF GOODS AND SERVICES Resolution No. 22-04-01, issued by the Venezuelan Central Bank (“VCB”), was published in Official Gazette 42.364 of April 27, 2022 (the “Resolution”). The Resolution established that after April 27, 2022 – and pursuant to the Second Temporary Provision of Decree No.…
ADMINISTRATIVE RULING THAT READJUSTS THE TAX UNIT AT BS. 0.40 Administrative Ruling No. SNAT/2022/000023, issued by the Superintendent of the National Integrated Service of Customs and Tax Administration (Servicio Nacional Integrado de Administración Aduanera y Tributaria – “SENIAT”), was published in Official Gazette No. 42.359 of April 20, 2022 (the “Ruling”). The Ruling readjusted…
Newsletter March 2022